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Management Sciences 5307 MCQs [All-Courses]

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.

The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?

A step down product

B dual mix product

C bundled product

D reciprocal product

Review Detailed Answer

Correct Answer: bundled product

The required rate of return, is multiplied per unit cost of purchased units to calculate __________?

A irrelevant inventory carrying costs

B relevant opportunity cost of capital

C relevant purchase order costs

D relevant inventory carrying costs

Review Detailed Answer

Correct Answer: relevant opportunity cost of capital

The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?

A step down allocation method

B stand-alone revenue allocation method

C incremental revenue allocation method

D revenue mix allocation method

Review Detailed Answer

Correct Answer: incremental revenue allocation method

The cost of product failure, error prevention and appraisals can be classified under ___________?

A stocking costs

B stock-out costs

C costs of quality

D shrinkage costs

Review Detailed Answer

Correct Answer: costs of quality

The department which directly adds value to product or service is known as __________?

A production department

B operating department

C allocation base department

D both a and b

Review Detailed Answer

Correct Answer: both a and b

If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?

A $5,000

B $4,500

C $5,500

D $6,000

Review Detailed Answer

Correct Answer: $5,000

The department which provides assisting services to internal departments is classified as __________?

A supply department

B support department

C production department

D allocation base department

Review Detailed Answer

Correct Answer: support department

Which of the following is an example of purchasing costs?

A incoming freight

B storage costs

C insurance

D spoilage

Review Detailed Answer

Correct Answer: insurance

The cost of new machine is considered as ______________?

A relevant

B bunk

C dispose value

D sunk

Review Detailed Answer

Correct Answer: relevant

If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?

A 678 packages

B 648 packages

C 658 packages

D 668 packages

Review Detailed Answer

Correct Answer: 648 packages

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?

The required rate of return, is multiplied per unit cost of purchased units to calculate __________?

The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?

The cost of product failure, error prevention and appraisals can be classified under ___________?

The department which directly adds value to product or service is known as __________?

If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?

The department which provides assisting services to internal departments is classified as __________?

Which of the following is an example of purchasing costs?

The cost of new machine is considered as ______________?

If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?