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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 cost which is changed in proportion to level the total volume is ___________?
A fixed cost
B variable cost
C total cost
D infeasible cost
Correct Answer: variable cost
The process of tracing the direct costs and allocation of indirect costs is known as __________?
A cost assignment
B direct assignment
C indirect assignment
D economic assignment
Correct Answer: cost assignment
In accounting, the cost which is predicted to be incurred or future cost is known as ________?
A past cost
B incurred cost
C actual cost
D budgeted cost
Correct Answer: budgeted cost
The process of assigning the indirect costs to any specific cost object is known as ___________?
A economic cost
B cost tracing
C cost allocation
D non-economic costs
Correct Answer: cost allocation
The relationship between change in activity and change in total costs is considered as __________?
A fixed relationship
B cause and effect relationship
C ineffective relationship
D variable relationship
Correct Answer: cause and effect relationship
According to accounting system the collection of cost data, in an organized way is classified as ___________?
A system accumulation
B accumulated data
C cost accumulation
D organized accumulation
Correct Answer: cost accumulation
If the number of processes, in which employees who can make decisions are 20 and the number of processes are 50, then employee empowerment ratio will be _________?
A 0.9
B 0.4
C 0.3
D 0.8
Correct Answer: 0.4
A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottleneck operations is ___________?
A theory of contribution
B theory of constraints
C theory of conflicts
D theory of maximization
Correct Answer: theory of constraints
The incurred costs to exclude the production of goods, that do not meet the specification, are called ___________?
A rework costs
B prevention costs
C incremental costs
D reengineering costs
Correct Answer: prevention costs
The worse fit between estimated cost and actual observations is shown on regression line with ___________?
A larger residual terms
B zero residual terms
C variable residual terms
D smaller residual terms
Correct Answer: larger residual terms

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