M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

The basic aspects of product quality must include the ____________?
A design quality
B conformance quality
C scorecard quality
D both A and D
Correct Answer: both A and D
The cost pattern, in which production inputs are to be used in discrete functions, but the quantities are fractional, will be categorized as ___________?
A continuously variable cost function
B fixed cost function
C mixed cost function
D semi variable cost function
Correct Answer: continuously variable cost function
The revenues are subtracted from the cost of direct materials of sold goods is to calculate _________?
A throughput contribution
B operating cost contribution
C operating contribution
D marginal contribution
Correct Answer: throughput contribution
The relationship between cost and cost drivers is _________?
A stationary
B not stationary
C intrinsic
D extrinsic
Correct Answer: stationary
The fishbone diagram is an example of _________?
A relevant costing diagram
B cause and effect diagram
C control chart
D Pareto diagram
Correct Answer: cause and effect diagram
An assumption of specification analysis, which states all the values of residuals which are uniformly scattered around regression line is classified as __________?
A abnormality of residuals
B normality of regression
C normality of residuals
D abnormality of regression
Correct Answer: normality of residuals
The quality aspect, that refers how well the product fulfills the customer demands, is classified as __________?
A learning quality
B design quality
C conformance quality
D business process quality
Correct Answer: design quality
A technique for estimating regression line, which minimizes the sum of vertical deviations squares is classified as __________?
A variable technique
B least square technique
C indexed technique
D fixed technique
Correct Answer: least square technique
Considering two fiscal years 2013 and 2014, if the selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be __________?
A $14,500
B $135,000
C $125,000
D $12,500
Correct Answer: $125,000
The weak relationship between cost and cost driver is indicated on a regression line, which is ___________?
A curved
B slightly sloped
C completely sloped
D dotted
Correct Answer: slightly sloped