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Management Sciences 5308 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  5308

The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?
A over allocated budget
B under allocated budget
C under allocated indirect cost
D over allocated direct cost
Correct Answer: under allocated indirect cost
The third ranked product in incremental revenue-allocation method is known as _________?
A primary product
B First incremental product
C Second incremental product
D Third incremental product
Correct Answer: Third incremental product
In accounting system, a document which consists of all assigned cost for specific job is classified as __________?
A job cost record
B job cost sheet
C source document
D both a and b
Correct Answer: both a and b
The cost object user, who is ranked first in incremental cost allocation method is known as _________?
A First incremental user
B primary user
C secondary user
D second incremental user
Correct Answer: primary user
The single or multiple units of distinct services or products are classified as _________?
A cost
B job
C post
D price
Correct Answer: job
In incremental cost allocation method, the cost object user who is ranked third in ranking order is classified as ____________?
A First incremental user
B primary user
C secondary user
D second incremental user
Correct Answer: second incremental user
An average unit cost, applicable to each similar produced unit is classified as __________?
A per unit cost
B per post cost
C per price cost
D application cost
Correct Answer: per unit cost
The first ranked product, in incremental revenue allocation method, is classified as ___________?
A primary product
B First incremental product
C Second incremental product
D Third incremental product
Correct Answer: primary product
A group of individual indirect cost item is defined as ___________?
A direct pool
B cost pool
C indirect pool
D item pool
Correct Answer: cost pool
The method which divides the support department cost into two dimensions such as fixed and variable cost pool is classified as ___________?
A sales mix allocation method
B dual-rate cost-allocation method
C single rate cost allocation method
D quantity variance allocation method
Correct Answer: dual-rate cost-allocation method

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