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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.

Cash discount is provided on _______________?

A Purchases

B Prompt payment

C Sales

D Sales return

Review Detailed Answer

Correct Answer: Prompt payment

If the units of normal spoilage are 150 and the total good units manufactured are 1500, then the normal spoilage rate would be __________?

A 14%

B 15%

C 10%

D 12%

Review Detailed Answer

Correct Answer: 10%

An amount of spoilage that is natural in any particular production process is classified as ___________?

A normal scrap

B normal spoilage

C abnormal spoilage

D weighted spoilage

Review Detailed Answer

Correct Answer: normal spoilage

The residual material which results from manufacturing products is called ___________?

A reduced work

B spoilage

C rework

D scrap

Review Detailed Answer

Correct Answer: scrap

The normal spoilage is subtracted from total spoilage to calculate _____________?

A abnormal spoilage

B Gross weighted spoilage

C inventoriable spoilage

D partial spoilage

Review Detailed Answer

Correct Answer: abnormal spoilage

If the transferred out total cost is $1850000 and the number of good units (produced), then the cost per good unit transferred out and completed can be __________?

A 245.1724

B 255.1724

C 278.1724

D 268.1724

Review Detailed Answer

Correct Answer: 245.1724

The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

A reduced work

B spoilage

C rework

D scrap

Review Detailed Answer

Correct Answer: rework

The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

A Gross weighted spoilage

B inventoriable spoilage

C partial spoilage

D total spoilage

Review Detailed Answer

Correct Answer: total spoilage

The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate ____________?

A normal spoilage rates

B abnormal spoilage rates

C normal scrap rates

D abnormal scrap rates

Review Detailed Answer

Correct Answer: normal spoilage rates

The types of spoilage include ___________?

A normal spoilage

B abnormal spoilage

C weighted spoilage

D both a and b

Review Detailed Answer

Correct Answer: both a and b

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Cash discount is provided on _______________?

If the units of normal spoilage are 150 and the total good units manufactured are 1500, then the normal spoilage rate would be __________?

An amount of spoilage that is natural in any particular production process is classified as ___________?

The residual material which results from manufacturing products is called ___________?

The normal spoilage is subtracted from total spoilage to calculate _____________?

If the transferred out total cost is $1850000 and the number of good units (produced), then the cost per good unit transferred out and completed can be __________?

The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate ____________?

The types of spoilage include ___________?