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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.

All Topics  5307

The direct material costs are added into direct manufacturing costs, to calculate _________?
A discuss costs
B prime costs
C resale cost
D merchandise costs
Correct Answer: prime costs
The project’s expected monetary loss or gain by discounting all cash outflows and inflows, using required rate of return is classified as _________?
A net present value
B net future value
C net discounted value
D net recorded cash value
Correct Answer: net present value
The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be _________?
A $4,450
B $6,450
C $21,500
D $14,300
Correct Answer: $6,450
The rate of return, which is made up of risk free and business risk element is known as _____________?
A nominal rate of return
B accrual accounting rate of return
C real rate of return
D required rate of return
Correct Answer: real rate of return
The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be ____________?
A $40,000
B $60,000
C $52,000
D $20,000
Correct Answer: $40,000
The payback period is multiplied for constant increase in yearly future cash flows to calculate __________?
A cash value of money
B net initial investment
C net future value
D time value of money
Correct Answer: net initial investment
In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are
A inventoriable costs
B finished costs
C factory overhead costs
D manufacturing overhead costs
Correct Answer: inventoriable costs
The dimensional analysis of cost includes ___________?
A horizontally across dimension
B horizontally upward dimension
C vertically upward dimension
D both a and c
Correct Answer: both a and c
The terms used in manufacturing cost systems are ____________?
A manufacturing costs
B prime costs
C conversion costs
D both B and C
Correct Answer: both B and C
The rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as _________?
A nominal rate of return
B accrual accounting rate of return
C real rate of return
D required rate of return
Correct Answer: nominal rate of return
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