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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 fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be ____________?

A 45 units

B 30 units

C 20 units

D 52 units

Review Detailed Answer

Correct Answer: 20 units

In the ‘specification analysis’, the assumptions related to residuals states must be __________?

A worst

B independent

C dependent

D good

Review Detailed Answer

Correct Answer: independent

The purpose of financial accounting is ___________?

A communicating company position to investors

B helping managers make decisions

C future oriented

D single person orientation

Review Detailed Answer

Correct Answer: communicating company position to investors

The fixed cost is $25000 and the breakeven revenue is $95000, then the contribution margin will be _________?

A $32

B $30

C $25

D $26.31

Review Detailed Answer

Correct Answer: $30

The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as ___________?

A incremental unit average model

B incremental cost learning model

C incremental unit time learning model

D incremental price learning model

Review Detailed Answer

Correct Answer: incremental unit time learning model

The continuous pressure of reducing the cost of products to be sold, is classified as ____________?

A supply efficiency

B material affectivity

C processing effective

D cost and efficiency

Review Detailed Answer

Correct Answer: cost and efficiency

If the fixed cost is $15000 and the breakeven revenue is $45000 then the contribution margin will be ___________?

A 33.34%

B 43.34%

C 23%

D 25%

Review Detailed Answer

Correct Answer: 33.34%

The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?

A cost estimation

B price estimation

C unit estimation

D production estimation

Review Detailed Answer

Correct Answer: cost estimation

An implementation of planning decisions and evaluating performance is classified as ___________?

A control

B evaluation

C deciding

D performing

Review Detailed Answer

Correct Answer: control

The gross margin is divided by revenues to calculate the __________?

A income margin percentage

B Gross margin percentage

C cost margin percentage

D sales margin percentage

Review Detailed Answer

Correct Answer: Gross margin percentage

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be ____________?

In the ‘specification analysis’, the assumptions related to residuals states must be __________?

The purpose of financial accounting is ___________?

The fixed cost is $25000 and the breakeven revenue is $95000, then the contribution margin will be _________?

The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as ___________?

The continuous pressure of reducing the cost of products to be sold, is classified as ____________?

If the fixed cost is $15000 and the breakeven revenue is $45000 then the contribution margin will be ___________?

The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?

An implementation of planning decisions and evaluating performance is classified as ___________?

The gross margin is divided by revenues to calculate the __________?