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Management Sciences 5307 MCQs [All-Courses]

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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.

All Topics  5307

The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?
A conference method
B inference method
C pricing method
D manufacturing method
Correct Answer: conference method
The function of management accountant, who works as business partner comes under the category of ____________?
A asset function
B investment function
C line function
D staff function
Correct Answer: staff function
An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?
A 300 units
B 700 units
C 800 units
D 500 units
Correct Answer: 300 units
In the linear cost function which is y=a + bx, the objective is to find the ___________?
A values of a and b
B values of x and y
C values of a and x
D values of b and y
Correct Answer: values of a and b
The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?
A value chain
B useful chain
C product chain
D services chain
Correct Answer: value chain
The difference between actual input variance and the budgeted input variance is called __________?
A price variance
B actual output price
C budgeted output price
D actual selling price
Correct Answer: price variance
The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called ___________?
A times series method
B time horizon method
C aggression method
D regression method
Correct Answer: regression method
An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?
A benefit approach
B cost approach
C cost-benefit approach
D accounting approach
Correct Answer: benefit approach
A costing system, which focuses on individual activities as the particular cost object is classified as __________?
A activity based costing
B improved costing
C learned improvements
D positive effectiveness
Correct Answer: activity based costing
A technique which minimizes sum of squared vertical difference, to determine the regression line is considered as _____________?
A negative square technique
B positive square technique
C least square technique
D most square technique
Correct Answer: least square technique
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