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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 on-time performance and customer-response time are the examples of ___________?
A customer measures
B financial measures
C measures of growth and learning
D measures of internal business processes
Correct Answer: customer measures
In estimation of cost function, an example of independent variable is ___________?
A level of activity
B quantity stored
C quantity manufactured
D quality of product
Correct Answer: level of activity
The costs that are incurred to prevent low quality goods production are classified as ___________?
A costs of quality
B costs of learning
C costs of reengineering
D costs of spoilage inventory
Correct Answer: costs of quality
The formula of 1 – unexplained variation ⁄ total variation is used to calculate _____________?
A coefficient of determination
B coefficient of index
C coefficient of residual
D coefficient of prediction
Correct Answer: coefficient of determination
The total manufacturing time is multiplied to the manufacturing cycle efficiency to calculate __________?
A manufacturing cycle efficiency
B value added manufacturing time
C responding time
D delivery time
Correct Answer: value added manufacturing time
The cost that has elements of variable and fixed costs at the same time is __________?
A variable cost
B mixed cost
C semi variable cost
D Both B and C
Correct Answer: Both B and C
The graph which plots the series of successive observations of specific procedure, operation or step at regular time intervals is called ____________?
A relevant costing diagram
B cause and effect diagram
C control chart
D pareto diagram
Correct Answer: control chart
If the difference in costs is $32000 and the slope coefficient is 0.40, then difference in machine hours would be ___________?
A $80,000
B $12,800
C $70,000
D $22,800
Correct Answer: $80,000
The reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are the examples of ____________?
A measures of growth and learning
B measures of internal business processes
C customer measures
D financial measures
Correct Answer: measures of internal business processes
The function used to measure decline in labor hours per unit as the units of production increases is called ___________?
A fixed curve
B learning curve
C linear curve
D mixed curve
Correct Answer: learning curve

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