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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 time between a customer’s order placement till the customer receives its delivery is known as ___________?
A manufacturing lead time
B manufacturing cycle time
C customer response time
D system process time
Correct Answer: customer response time
In the linear cost function, which is y = a + bx, the ‘y’ is classified as ___________?
A predicted fixed cost
B predicted variable cost
C predicted cost
D predicted price
Correct Answer: predicted cost
The number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate __________?
A employee satisfaction
B employee turnover
C employee training
D employee failures
Correct Answer: employee satisfaction
In regression analysis, if the predicted cost value is 65 and observed cost value is 19 then the disturbance term will be __________?
A 46
B 56
C 36
D 76
Correct Answer: 46
The sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as ___________?
A throughput costs
B investments
C operating costs
D marginal costs
Correct Answer: investments
The method, which considers the cost and cost drivers of departments such as employee relations and process engineering is termed as __________?
A pricing method
B manufacturing method
C conference method
D inference method
Correct Answer: conference method
The statistical quality control is also called __________?
A statistical process control
B statistical failure control
C statistical control of prevention cost
D statistical control of sunk cost
Correct Answer: statistical process control
If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be _________?
A 55
B 15
C 65
D 85
Correct Answer: 55
The sum of manufacturing and waiting time for an order is classified as ___________?
A manufacturing efficiency time
B manufacturing cycle time
C responding time
D value chain time
Correct Answer: manufacturing cycle time
The relationship between cost and cost driver is economically plausible if the goodness of fit _________?
A has meaning
B has no meaning
C has index values
D has no index values
Correct Answer: has meaning
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