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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 110

B 125

C 60

D 70

Review Detailed Answer

Correct Answer: 60

If the margin of safety is $25000 and the budgeted revenue is $45000, then the margin of safety in percentage will be __________?

A 55.56%

B 25.50%

C 28%

D 45.00%

Review Detailed Answer

Correct Answer: 55.56%

The line which uses to join observations with lower and highest values of cost driver is called ___________?

A straight line

B curved line

C horizontal line

D vertical line

Review Detailed Answer

Correct Answer: straight line

The formula to calculate the contribution margin is ___________?

A revenue – all variable cost

B revenue + all variable cost

C cost + revenue

D revenue – breakeven units

Review Detailed Answer

Correct Answer: revenue – all variable cost

Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is called ____________?

A fixed cost function

B variable cost function

C step variable cost function

D step fixed cost function

Review Detailed Answer

Correct Answer: variable cost function

If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be _________?

A $1,000

B −$1000

C $17,000

D −$17000

Review Detailed Answer

Correct Answer: $17,000

The higher level of production leads to ____________?

A higher repair cost

B higher setup cost

C lower repair cost

D higher setup cost

Review Detailed Answer

Correct Answer: higher repair cost

The set of all the occurrences that may happen in near future or in any other fixed time are called __________?

A events

B distribution

C outcome

D actions

Review Detailed Answer

Correct Answer: events

If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?

A 2.571

B 0.39

C 0.2571

D 3.39

Review Detailed Answer

Correct Answer: 0.39

If the budgeted revenue is $50000 and the breakeven revenue is $35000, then the margin of safety would be ____________?

A $12,000

B $14,000

C $15,000

D $16,000

Review Detailed Answer

Correct Answer: $15,000

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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 the margin of safety is $25000 and the budgeted revenue is $45000, then the margin of safety in percentage will be __________?

The line which uses to join observations with lower and highest values of cost driver is called ___________?

The formula to calculate the contribution margin is ___________?

Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is called ____________?

If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be _________?

The higher level of production leads to ____________?

The set of all the occurrences that may happen in near future or in any other fixed time are called __________?

If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?

If the budgeted revenue is $50000 and the breakeven revenue is $35000, then the margin of safety would be ____________?