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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 plotting of cost functions, the level of activities according to which the charged cost is represented on ____________?

A x-axis

B y-axis

C unit axis

D term axis

Review Detailed Answer

Correct Answer: x-axis

If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be ___________?

A $215,000

B $315,000

C $415,000

D $515,000

Review Detailed Answer

Correct Answer: $215,000

If an unexplained variation is 255050 and the total variation is 550505, then coefficient of determination will be ___________?

A 0.5063

B 0.4633

C 2.16

D 0.5367

Review Detailed Answer

Correct Answer: 0.5367

The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________?

A sales revenue variance

B cost profit variance

C profit volume variance

D sales volume variance

Review Detailed Answer

Correct Answer: sales volume variance

The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of ___________?

A production driver

B cost driver

C price driver

D estimation driver

Review Detailed Answer

Correct Answer: cost driver

The economic results that are predicted for possible combinations of events are classified as _______?

A margin

B distribution

C collection

D outcome

Review Detailed Answer

Correct Answer: outcome

In regression analysis, if an observed cost value is 65 and the disturbance error is 32 then predicted cost value will be __________?

A 97

B 57

C 33

D 53

Review Detailed Answer

Correct Answer: 33

If the target net income is $36000 and the tax rate is 40%, then the target operating income will be __________?

A $10,000

B $20,000

C $40,000

D $60,000

Review Detailed Answer

Correct Answer: $60,000

If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be ___________?

A 14

B 88

C 24

D 68

Review Detailed Answer

Correct Answer: 88

If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________?

A 4500 units

B 5500 units

C 8500 units

D 9500 units

Review Detailed Answer

Correct Answer: 5500 units

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In plotting of cost functions, the level of activities according to which the charged cost is represented on ____________?

If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be ___________?

If an unexplained variation is 255050 and the total variation is 550505, then coefficient of determination will be ___________?

The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________?

The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of ___________?

The economic results that are predicted for possible combinations of events are classified as _______?

In regression analysis, if an observed cost value is 65 and the disturbance error is 32 then predicted cost value will be __________?

If the target net income is $36000 and the tax rate is 40%, then the target operating income will be __________?

If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be ___________?

If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________?