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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 partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called ____________?

A spoilage

B rework

C scrap

D equivalence

Review Detailed Answer

Correct Answer: spoilage

The type of spoilage, which is considered as controllable and can be avoided is called _____________?

A abnormal spoilage

B normal spoilage

C transferred-in spoilage

D transferred-out spoilage

Review Detailed Answer

Correct Answer: abnormal spoilage

Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate ___________?

A cost per good units transferred out

B cost per good units transferred in

C revenue per good units transferred out

D revenue per good units transferred in

Review Detailed Answer

Correct Answer: cost per good units transferred out

The cost of abnormal spoilage is not treated as _____________?

A conversion costs

B sunk costs

C inventoriable costs

D non inventoriable costs

Review Detailed Answer

Correct Answer: inventoriable costs

The costing, which explains how and when scrap affects the operating income of company is classified as ___________?

A inventory costing

B conversion costing

C normal scrap costing

D abnormal scrap costing

Review Detailed Answer

Correct Answer: inventory costing

The aspects of accounting for scrap includes __________?

A physical tracking

B non-inventoriable costing

C inventory costing

D both a and c

Review Detailed Answer

Correct Answer: both a and c

An example of rework is ____________?

A short lengths from wood work

B defective aluminum cans recycled by manufacturer

C detection of defective pieces before shipment

D none of above

Review Detailed Answer

Correct Answer: detection of defective pieces before shipment

The stage in production process, where the manufactured goods are checked; whether the units are acceptable or not is classified as __________?

A rework point

B inspection point

C spoilage point

D scrap point

Review Detailed Answer

Correct Answer: inspection point

An amount of spoilage that is not natural in a specific production process is categorized as ____________?

A normal scrap

B normal spoilage

C abnormal spoilage

D weighted spoilage

Review Detailed Answer

Correct Answer: normal spoilage

Which one of the following is an example of spoilage?

A short lengths from wood work

B defective aluminum cans recycled by manufacturer

C detection of defective pieces before shipment

D all of above

Review Detailed Answer

Correct Answer: defective aluminum cans recycled by manufacturer

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called ____________?

The type of spoilage, which is considered as controllable and can be avoided is called _____________?

Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate ___________?

The cost of abnormal spoilage is not treated as _____________?

The costing, which explains how and when scrap affects the operating income of company is classified as ___________?

The aspects of accounting for scrap includes __________?

An example of rework is ____________?

The stage in production process, where the manufactured goods are checked; whether the units are acceptable or not is classified as __________?

An amount of spoilage that is not natural in a specific production process is categorized as ____________?

Which one of the following is an example of spoilage?