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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

In stand-alone revenue-allocation method, the type of weights available for this method are ____________?
A selling prices as weights
B unit costs as weights
C physical units as weights
D all of above
Correct Answer: all of above
The term which describes the assigning of indirect cost, to any cost object is classified as ___________?
A cost allocation
B sales tracing
C sales allocation
D cost tracing
Correct Answer: cost allocation
The costs, which consist of interdepartmental cost allocations plus cost of support department are classified as ___________?
A complete reciprocal costs
B artificial costs
C operating costs
D flexible operating costs
Correct Answer: complete reciprocal costs
The relevant ordering costs are added into relevant carrying costs to calculate __________?
A relevant total costs
B contribution costs
C throughput costs
D optimized costs
Correct Answer: relevant total costs
The cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as _________?
A bundled cost
B common cost
C stand-alone cost
D incremental cost
Correct Answer: common cost
The purchase order lead time is multiplied to the number of units sold per unit of time, to calculate ____________?
A carrying costs
B relevant total costs
C economic order quantity
D reorder point
Correct Answer: reorder point
The products, divisions and customers are the examples of ___________?
A revenue increment
B reciprocal revenue
C revenue allocation
D revenue object
Correct Answer: revenue object
The reorder point is divided by number of sold units for per unit of time to calculate ___________?
A relevant carrying cost
B relevant ordering cost
C purchase order lease time
D number of purchase orders
Correct Answer: purchase order lease time
The method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as ___________?
A bundled products allocation method
B variable cost allocation method
C stand-alone cost allocation method
D incremental cost allocation method
Correct Answer: incremental cost allocation method
The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as _________?
A chaining point
B recording point
C lead point
D trigger point
Correct Answer: trigger point
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