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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.

If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of ___________?

A data of fixed cost

B cost driver of data

C pool of data

D cost object of data

Review Detailed Answer

Correct Answer: pool of data

If the fixed cost is $20000, the target operating income is $10000 and the contribution margin per unit is $1200 then required units to be sold will be __________?

A 55 units

B 45 units

C 35 units

D 25 units

Review Detailed Answer

Correct Answer: 25 units

If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?

A 100

B 25

C 50

D 75

Review Detailed Answer

Correct Answer: 75

If the target net income is $9600 and the tax rate is 40%, then the target operating income would be ___________?

A $10,000

B $12,000

C $16,000

D $14,000

Review Detailed Answer

Correct Answer: $16,000

An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?

A independence of residuals

B dependence of residuals

C independence of correlation

D none of the above

Review Detailed Answer

Correct Answer: independence of residuals

The gross margin is $7000 and the revenues are $16000, then the cost of goods sold would be __________?

A $23,000

B −$23000

C −$9000

D $9,000

Review Detailed Answer

Correct Answer: $9,000

In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be ____________?

A 33

B 91

C 81

D 43

Review Detailed Answer

Correct Answer: 33

In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?

A contribution

B certainty

C uncertainty

D margin

Review Detailed Answer

Correct Answer: certainty

The goodness of fit predicted values is also known as ___________?

A coefficient of determination

B coefficient of index

C coefficient of residual

D coefficient of prediction

Review Detailed Answer

Correct Answer: coefficient of determination

In monetary terms, an expected value of the outcome is classified as __________?

A expected value

B expected decision value

C expected outcome value

D expected monetary value

Review Detailed Answer

Correct Answer: expected monetary value

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of ___________?

If the fixed cost is $20000, the target operating income is $10000 and the contribution margin per unit is $1200 then required units to be sold will be __________?

If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?

If the target net income is $9600 and the tax rate is 40%, then the target operating income would be ___________?

An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?

The gross margin is $7000 and the revenues are $16000, then the cost of goods sold would be __________?

In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be ____________?

In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?

The goodness of fit predicted values is also known as ___________?

In monetary terms, an expected value of the outcome is classified as __________?