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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 concession received on the price of defective goods is called:
A Discount
B Cash discount
C Allowance
D Trading discount
Correct Answer: Allowance
Cash brought by the owner to start business is called__________?
A Capital
B Loan
C Drawing
D None of these
Correct Answer: Capital
reduction in price is called:
A Paid price
B Invoice price
C Book price
D Discount
Correct Answer: Discount
Sales return is also known as____________?
A Return received
B Return Payed
C Return inward
D Return outward
Correct Answer: Return inward
When goods, in which business deals are sold, it is called___________?
A Purchases
B Return inward
C Sales
D Return outwards
Correct Answer: Sales
The excess of current assets over current liabilities is called:
A Working Capital
B Circulating capital
C Fixed capital
D Trading capital
Correct Answer: Working Capital
Goods return to supplier are known as:__________?
A Merchandise return
B Purchase return
C Return inwards
D Sales return
Correct Answer: Purchase return
Obligation of the Business are known as___________?
A Liabilities
B Revenues
C Expenses
D Assets
Correct Answer: Liabilities
The amount invested by the proprietor to start the business is called:
A Capital
B Business
C Drawings
D All of them
Correct Answer: Capital
Discount received is a/an:
A Asset
B Expense
C Liability
D Revenue
Correct Answer: Revenue
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