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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.

The cost function, in which cost does not change with any change in level of activity is a part of __________?

A step price functions

B step object functions

C step constant functions

D step cost functions

Review Detailed Answer

Correct Answer: step cost functions

In value chain analysis, the selling and promotion to prospective customers is classified as ___________?

A researching

B marketing

C acquaintance

D usefulness

Review Detailed Answer

Correct Answer: marketing

The gross margin is added into cost of sold goods to calculate the __________?

A revenues

B operating leverage

C contribution margin

D operating margin

Review Detailed Answer

Correct Answer: revenues

Industrial engineering method is used to analyze the relationship between ___________?

A marketing and financing

B price and costs

C input and output

D units and batches

Review Detailed Answer

Correct Answer: input and output

The human resource management, IT management and management accountants are categorized under ______________?

A marketing management

B production management

C staff management

D line management

Review Detailed Answer

Correct Answer: staff management

The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?

A margin of safety

B margin of profit

C margin of loss

D margin of income

Review Detailed Answer

Correct Answer: margin of safety

The percentage of variation in the ‘Y’ explained by the ‘X’ is measured by ___________?

A coefficient of residual

B coefficient of prediction

C coefficient of determination

D coefficient of index

Review Detailed Answer

Correct Answer: coefficient of determination

The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called _____________?

A financial accounting

B management accounting

C cost accounting

D decision accounting

Review Detailed Answer

Correct Answer: management accounting

If the budgeted revenue is $20000 and the breakeven revenue is $15000, then the margin of safety will be __________?

A $35,000

B $13,000

C $5,000

D $10,000

Review Detailed Answer

Correct Answer: $5,000

The small residual terms and positive slope of line indicate ______________?

A badness proportions

B goodness proportion

C inversely proportion

D directly proportion

Review Detailed Answer

Correct Answer: directly proportion

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The cost function, in which cost does not change with any change in level of activity is a part of __________?

In value chain analysis, the selling and promotion to prospective customers is classified as ___________?

The gross margin is added into cost of sold goods to calculate the __________?

Industrial engineering method is used to analyze the relationship between ___________?

The human resource management, IT management and management accountants are categorized under ______________?

The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?

The percentage of variation in the ‘Y’ explained by the ‘X’ is measured by ___________?

The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called _____________?

If the budgeted revenue is $20000 and the breakeven revenue is $15000, then the margin of safety will be __________?

The small residual terms and positive slope of line indicate ______________?