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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.

In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be ___________?

A 95

B 50

C 120

D 100

Review Detailed Answer

Correct Answer: 50

If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?

A $45,000

B $55,000

C $75,000

D $65,000

Review Detailed Answer

Correct Answer: $75,000

The examples of nonlinear cost functions are _____________?

A step constant functions

B step cost functions

C step price functions

D step object functions

Review Detailed Answer

Correct Answer: step cost functions

The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be _________?

A $5,000,000

B $3,000,000

C $2,000,000

D $1,000,000

Review Detailed Answer

Correct Answer: $3,000,000

In adjustment issues of costing, the database must consider wide range values of __________?

A fixed object

B cost driver

C cost object

D mixed object

Review Detailed Answer

Correct Answer: cost driver

The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?

A flexible budget

B fixed budget

C variable budget

D multiplied budget

Review Detailed Answer

Correct Answer: flexible budget

In the specification analysis, the assumptions related to linearity states but linearity must be within ____________?

A irrelevant range

B relevant range

C significant range

D insignificant range

Review Detailed Answer

Correct Answer: relevant range

Number of units are multiplied to per unit price, to calculate ___________?

A multiple budget variable

B fixed budget variable

C flexible budget variable

D constant budget

Review Detailed Answer

Correct Answer: flexible budget variable

If the difference in costs is $16000 and the slope coefficient is 0.40, then difference in machine hours would be __________?

A $50,000

B $5,400

C $6,400

D $40,000

Review Detailed Answer

Correct Answer: $40,000

Number of units are multiplied to per unit price, to calculate ____________?

A multiple budget variable

B fixed budget variable

C flexible budget variable

D constant budget

Review Detailed Answer

Correct Answer: flexible budget variable

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be ___________?

If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?

The examples of nonlinear cost functions are _____________?

The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be _________?

In adjustment issues of costing, the database must consider wide range values of __________?

The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?

In the specification analysis, the assumptions related to linearity states but linearity must be within ____________?

Number of units are multiplied to per unit price, to calculate ___________?

If the difference in costs is $16000 and the slope coefficient is 0.40, then difference in machine hours would be __________?

Number of units are multiplied to per unit price, to calculate ____________?