M C Q s D r i v e

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.

In the process of examining, occurred changes in total revenues, operating income and costs is known as _____________?
A revenue analysis
B costs analysis
C operating income analysis
D cost volume profit analysis
Correct Answer: cost volume profit analysis
If the variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000, then the actual incurred costs will be ________?
A $21,000
B $11,000
C $31,000
D $41,000
Correct Answer: $41,000
The contribution margin per unit is $500 per unit and the breakeven per unit is $35, then the fixed cost would be ___________?
A $13,500
B $14,280
C $18,500
D $17,500
Correct Answer: $17,500
The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as ___________?
A effectively measure
B lump sum measure
C non-financial measures
D financial measures
Correct Answer: non-financial measures
In cost-plus pricing, the ‘plus’ refers to a component named as ___________?
A off shore cost
B markup
C sunk cost
D outsource cost
Correct Answer: markup
If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be ___________?
A $10,000
B $1,000
C $7,000
D $4,000
Correct Answer: $10,000
The product costing technique in which markup component is added into cost base, to set a target price is known as __________?
A market based approach
B cost incurrence pricing
C cost plus pricing
D locked-in cost pricing
Correct Answer: cost plus pricing
If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be __________?
A $142,500
B $112,500
C $122,500
D $132,500
Correct Answer: $112,500
The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called ___________?
A outsource engineering
B reverse engineering
C target engineering
D off shore engineering
Correct Answer: reverse engineering
If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be ____________?
A $518,750
B $418,750
C $218,750
D $318,750
Correct Answer: $218,750