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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 actual result is $65000 and the static budget variance is $35000, then the static budget amount will be _____________?

A $30,000

B $100,000

C $200,000

D $30,000

Review Detailed Answer

Correct Answer: $30,000

If the slope coefficient is 0.60 and the difference in machine hours is $50000, then difference in cost can be __________?

A $68,700

B $58,700

C $30,000

D $83,333.34

Review Detailed Answer

Correct Answer: $30,000

The cash management, investments, long and short term financing are included in ___________?

A proprietorship

B functional line

C treasury

D controllership

Review Detailed Answer

Correct Answer: treasury

An expected performance of the company is also known as ____________?

A price requirements

B supply requirements

C budgeted performance

D demand requirements

Review Detailed Answer

Correct Answer: budgeted performance

The fifth step in quantitative analysis of estimating cost function is to ___________?

A estimate cost function

B estimate price function

C estimate supply function

D estimate demand function

Review Detailed Answer

Correct Answer: estimate cost function

The experimentation and generation of ideas related to new product or services are included in ____________?

A addressing management

B research and development

C value development

D service provider

Review Detailed Answer

Correct Answer: research and development

If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?

A less than zero

B equal to zero

C favorable

D unfavorable

Review Detailed Answer

Correct Answer: favorable

In plotting the cost functions, the number of machine hours and batches are represented on ___________?

A unit axis

B term axis

C x-axis

D y-axis

Review Detailed Answer

Correct Answer: y-axis

In management accounting, an emphasis and focus must be __________?

A future oriented

B past oriented

C communication oriented

D bank oriented

Review Detailed Answer

Correct Answer: future oriented

In management control, the point of reference for making the comparisons of performance is ___________?

A focused performance

B merchandise performance

C distribution performance

D expected performance

Review Detailed Answer

Correct Answer: expected performance

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be _____________?

If the slope coefficient is 0.60 and the difference in machine hours is $50000, then difference in cost can be __________?

The cash management, investments, long and short term financing are included in ___________?

An expected performance of the company is also known as ____________?

The fifth step in quantitative analysis of estimating cost function is to ___________?

The experimentation and generation of ideas related to new product or services are included in ____________?

If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?

In plotting the cost functions, the number of machine hours and batches are represented on ___________?

In management accounting, an emphasis and focus must be __________?

In management control, the point of reference for making the comparisons of performance is ___________?