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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.

A technique, which accumulates and tracks the costs of business function in value chain attributed to each market, offering from R&D to final customer support, is called __________?

A product life cycle

B life cycle budgeting

C life cycle costing

D target costing

Review Detailed Answer

Correct Answer: life cycle costing

If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be ___________?

A $97,000

B $87,000

C $27,000

D $37,000

Review Detailed Answer

Correct Answer: $37,000

If total production is 25000 units and target annual operating income is $300000, then target operating income per unit would be ____________?

A $15

B $12

C $16

D $18

Review Detailed Answer

Correct Answer: $12

If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be _____________?

A $27,000

B $15,000

C $39,000

D $49,000

Review Detailed Answer

Correct Answer: $39,000

The total cost incur by customer to use, acquire, maintain and dispose service or product is classified as ___________?

A budgeted life cycle

B targeted life cycle

C customer life cycle

D operating life cycle

Review Detailed Answer

Correct Answer: customer life cycle

If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be __________?

A $144,000

B $134,000

C $124,000

D $30,000

Review Detailed Answer

Correct Answer: $30,000

The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?

A product life cycle method

B life cycle budgeting method

C life cycle costing method

D time and material method

Review Detailed Answer

Correct Answer: time and material method

If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be _____________?

A $40,000

B $154,000

C $164,000

D $124,000

Review Detailed Answer

Correct Answer: $40,000

The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called __________?

A product life cycle

B life cycle budgeting

C life cycle costing

D target costing

Review Detailed Answer

Correct Answer: product life cycle

The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be __________?

A $61,000

B $71,000

C $43,000

D $24,000

Review Detailed Answer

Correct Answer: $71,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

A technique, which accumulates and tracks the costs of business function in value chain attributed to each market, offering from R&D to final customer support, is called __________?

If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be ___________?

If total production is 25000 units and target annual operating income is $300000, then target operating income per unit would be ____________?

If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be _____________?

The total cost incur by customer to use, acquire, maintain and dispose service or product is classified as ___________?

If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be __________?

The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?

If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be _____________?

The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called __________?

The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be __________?