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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 type of outcomes, which can never be measured in numerical terms in books of accounts are classified as _________?
A expected factors
B recorded factors
C qualitative factors
D quantitative factors
Correct Answer: qualitative factors
The service sector companies include _____________?
A cellular phone producers
B mutual fund companies
C radio stations
D wholesalers
Correct Answer: mutual fund companies
The fourth step in decision making process is ____________?
A linear correlation
B making decisions
C implement decisions
D evaluate performance
Correct Answer: making decisions
Companies that are part of an industry of ‘service providers’ are ____________?
A manufacturing sector companies
B merchandising sector companies
C service sector companies
D raw material companies
Correct Answer: service sector companies
The costs such as book value of old machines are $25000 can be a classified as an example of ____________?
A salvages
B relevant
C irrelevant
D depreciated cost
Correct Answer: relevant
The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?
A service sector companies
B raw material companies
C manufacturing sector companies
D merchandising sector companies
Correct Answer: merchandising sector companies
The forgone contribution of resources, into the revenues because of not using the resources, in next best use is classified as __________?
A in-source cost
B opportunity cost
C offshore cost
D outsource cost
Correct Answer: opportunity cost
An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?
A finished goods inventory
B indirect material inventory
C direct materials inventory
D work in process inventory
Correct Answer: direct materials inventory
The relevant costs are classified in relevance concepts as ____________?
A expected future costs
B serial costs
C parallel costs
D abnormal costs
Correct Answer: expected future costs
The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?
A per unit cost
B total cost
C total indirect cost
D total effective cost
Correct Answer: per unit cost
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