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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 indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?

A $5,000

B $35,000

C $15,000

D $45,000

Review Detailed Answer

Correct Answer: $35,000

The last step in developing operating budget is ____________?

A implementing income

B implementing the decision

C efficient implementation

D effective implementation

Review Detailed Answer

Correct Answer: implementing the decision

The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

A bill of materials

B bill of sequence

C bill of detail

D bill of raw materials

Review Detailed Answer

Correct Answer: bill of materials

The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?

A action plan

B strategy

C step wise plan

D complex plan

Review Detailed Answer

Correct Answer: complex plan

The budgeted income statement and the supporting budget schedules are categorized under _____________?

A focused statement

B slack statement

C budgeted income statement

D operating budget

Review Detailed Answer

Correct Answer: operating budget

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

A budget production

B planned production

C setup production

D stand by production

Review Detailed Answer

Correct Answer: budget production

The higher and accurate budgeted profit forecast of managers lead to __________?

A high incentive bonus

B low incentive bonus

C influence bonus

D revenue bonus

Review Detailed Answer

Correct Answer: high incentive bonus

The starting point in the operating budget is __________?

A cost budget

B material list

C revenue budget

D list of investors

Review Detailed Answer

Correct Answer: revenue budget

The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?

A complexity

B process

C budget

D batching

Review Detailed Answer

Correct Answer: budget

The budget plan in many companies is also referred as ___________?

A profit plan

B sales plan

C cost plan

D marketing plan

Review Detailed Answer

Correct Answer: profit plan

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?

The last step in developing operating budget is ____________?

The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?

The budgeted income statement and the supporting budget schedules are categorized under _____________?

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

The higher and accurate budgeted profit forecast of managers lead to __________?

The starting point in the operating budget is __________?

The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?

The budget plan in many companies is also referred as ___________?