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Management Sciences 5307 MCQs [All-Courses]

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 quantity of produced output is divided with the cost of all used inputs to calculate ____________?

A engineered productivity

B targeted productivity

C partial productivity

D total factor productivity

Review Detailed Answer

Correct Answer: total factor productivity

If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?

A $3,000

B $300

C $4,700

D $4,500

Review Detailed Answer

Correct Answer: $300

An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

A inelastic demand

B product differentiation

C cost leadership

D elastic demand

Review Detailed Answer

Correct Answer: cost leadership

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as __________?

A customer sustaining costs

B customer output unit-level costs

C customer batch-level costs

D corporate sustaining costs

Review Detailed Answer

Correct Answer: customer output unit-level costs

An amount of available capacity other than employed capacity, to meet the customer’s demand, is classified as _________?

A targeted capacity

B budgeted capacity

C recovery capacity

D unused capacity

Review Detailed Answer

Correct Answer: unused capacity

The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

A indirect cost

B partial cost

C benchmark cost

D direct cost

Review Detailed Answer

Correct Answer: indirect cost

Considering two fiscal years 2013 and 2014, the actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be _________?

A $70,000

B $75,000

C $65,000

D $73,000

Review Detailed Answer

Correct Answer: $75,000

In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: static budget variance

The way an organization matches its capabilities with available opportunities to accomplish its goals is called _______?

A elasticity incurrence

B off shoring

C strategy

D engineering

Review Detailed Answer

Correct Answer: strategy

The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

A customer level indirect costs

B customer level direct costs

C corporate level direct costs

D corporate level indirect costs

Review Detailed Answer

Correct Answer: customer level indirect costs

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

The quantity of produced output is divided with the cost of all used inputs to calculate ____________?

If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?

An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as __________?

An amount of available capacity other than employed capacity, to meet the customer’s demand, is classified as _________?

The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

Considering two fiscal years 2013 and 2014, the actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be _________?

In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?

The way an organization matches its capabilities with available opportunities to accomplish its goals is called _______?

The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?