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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 type of outcomes that can be measured in numerical terms are classified as ___________?

A qualitative factors

B quantitative factors

C expected factors

D recorded factors

Review Detailed Answer

Correct Answer: quantitative factors

The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?

A economic accounting

B back-flush accounting

C lean accounting

D lead accounting

Review Detailed Answer

Correct Answer: lean accounting

The cost such as dispose value of an old machine is $6000 is classified as _____________?

A irrelevant

B depreciated cost

C salvages

D relevant

Review Detailed Answer

Correct Answer: relevant

If the purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be ____________?

A 14000 units

B 14500 units

C 15000 units

D 15500 units

Review Detailed Answer

Correct Answer: 14000 units

The decisions made by company, which products to manufacture and sell and in what quantities, of many product lines are called ____________?

A incremental decisions

B outsource decisions

C product mix decisions

D in-source decisions

Review Detailed Answer

Correct Answer: product mix decisions

The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as _____________?

A stock-out costs

B ordering costs

C carrying costs

D purchasing costs

Review Detailed Answer

Correct Answer: ordering costs

The formal method of making choices, considering help of quantitative and qualitative analysis is classified as ____________?

A quantitative analysis

B decision method

C qualitative method

D linearity method

Review Detailed Answer

Correct Answer: decision method

Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called ____________?

A economic order quantity purchasing

B annual purchasing

C just in time purchasing

D both a and b

Review Detailed Answer

Correct Answer: just in time purchasing

An example of qualitative factor is __________?

A employee morale

B cost of materials

C cost of workers

D cost of marketing

Review Detailed Answer

Correct Answer: employee morale

If the required rate of return is 12% and the per unit cost of units purchased is $35, then the relevant opportunity cost of capital will be ____________?

A $6.20

B $7.20

C $4.20

D $5.20

Review Detailed Answer

Correct Answer: $4.20

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The type of outcomes that can be measured in numerical terms are classified as ___________?

The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?

The cost such as dispose value of an old machine is $6000 is classified as _____________?

If the purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be ____________?

The decisions made by company, which products to manufacture and sell and in what quantities, of many product lines are called ____________?

The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as _____________?

The formal method of making choices, considering help of quantitative and qualitative analysis is classified as ____________?

Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called ____________?

An example of qualitative factor is __________?

If the required rate of return is 12% and the per unit cost of units purchased is $35, then the relevant opportunity cost of capital will be ____________?