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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 recalculation of demand can be avoided, by using practical capacity while calculation of budgeted fixed manufacturing per unit cost as ___________?
A denominator
B numerator
C multiplier
D equalizer
Correct Answer: denominator
In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate: ___________?
A fixed direct manufacturing cost
B variable direct manufacturing cost
C fixed indirect manufacturing cost
D variable indirect manufacturing cost
Correct Answer: fixed direct manufacturing cost
If the total sales are $250000, the beginning inventory is $25000 and the ending inventory is $25000, then total production would be ________?
A $250,000
B $350,000
C $300,000
D $400,000
Correct Answer: $300,000
If the direct material cost of goods sold is $7500, and through contribution is $15650, then revenues will be _________?
A $8,150
B $23,150
C $33,150
D $13,150
Correct Answer: $23,150
The budgeted fixed manufacturing cost is divided by budgeted fixed manufacturing cost per unit to calculate : __________?
A fixed material price
B variable materials price
C fixed production units
D budgeted production units
Correct Answer: budgeted production units
The managers using capacity planning do not make ___________
A pricing decisions
B marketing decisions
C financial decisions
D cost budgeting decisions
Correct Answer: pricing decisions
The difference between the budgeted amounts and the actual results is classified as __________?
A standard deviation
B variances
C mean average
D weighted average
Correct Answer: variances
A manager, who is responsible for the both cost and revenues belong to the department of
A cost center
B revenue center
C profit center
D investment center
Correct Answer: profit center
A manager who is responsible for only the cost of the company belongs to __________?
A cost center
B revenue center
C profit center
D investment center
Correct Answer: cost center
The larger number of manager subordinates and the higher level manager are termed as _________?
A activity subordinates
B broader responsibility center
C broader subordinates
D activity ordinates
Correct Answer: broader responsibility center

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