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.

If the invested capital is $150000 and target rate of return on investment is 16%, then the targeted annual operating income would be ___________?
A $27,000
B $26,000
C $24,000
D $25,000
Correct Answer: $24,000
If the flexible budget amount is $62000 and an actual result is $35000, then the flexible budget amount would be ___________?
A $27,000
B $37,000
C $97,000
D $87,000
Correct Answer: $27,000
The major influential factors on supply and demand include ____________?
A customers
B costs
C competitors
D all of above
Correct Answer: customers
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate _____________?
A profit variance
B investment variance
C cost variance
D selling price variance
Correct Answer: selling price variance
The technique, which accumulates and tracks revenues 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
Correct Answer: life cycle budgeting
The difference between the flexible budget amount and the corresponding actual result is called ______________?
A corresponding variance
B resultant variance
C flexible budget variance
D static budget variance
Correct Answer: flexible budget variance
The companies that perform in less competitive markets and their market offerings significantly differ are classified as ___________?
A independent revenue approach
B market based approach
C cost based approach
D dependent revenue approach
Correct Answer: cost based approach
The static budget amount is subtracted from the flexible budget amount to calculate the __________?
A sales budget variance
B cost budget variance
C resultant budget variance
D static budget variance
Correct Answer: sales budget variance
The major approaches to make decisions about pricing include ____________?
A market based
B sunk cost
C cost based
D both a and c
Correct Answer: both a and c
The flexible budget amount is added to flexible budget variance to calculate
A static result
B actual result
C secondary result
D primary result
Correct Answer: actual result