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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 first step in developing an operating budget is to ___________?

A identify the product

B identify the problem

C identify the quartiles

D identify the percentiles

Review Detailed Answer

Correct Answer: identify the problem

The factor which provides hedge to managers in adverse and unexpected circumstances is known as __________?

A budgetary slack

B costly slack

C influential slack

D target slack

Review Detailed Answer

Correct Answer: budgetary slack

The schedule of expected disbursements and cash receipts is considered as __________?

A planned schedule

B cash budget

C market budget

D price schedule

Review Detailed Answer

Correct Answer: cash budget

The centers such as revenue, cost, investment and profit all are known as ___________?

A marketing center

B financial center

C responsibility center

D planning center

Review Detailed Answer

Correct Answer: responsibility center

The cash sales, accounts receivables and rental receipts all are known as ___________?

A cash receipts

B budget receipts

C goods manufactured

D total goods sold

Review Detailed Answer

Correct Answer: cash receipts

If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?

A 11000 units

B 13000 units

C 10000 units

D 7000 units

Review Detailed Answer

Correct Answer: 7000 units

The balancing of all aspects of products or services and all the departments in the company are classified as ____________?

A annual profit plan

B budgeting

C coordination

D complex plan

Review Detailed Answer

Correct Answer: coordination

The second step in developing operating budget is to ___________?

A plan coordination

B plan accounts

C obtain information

D coverage information

Review Detailed Answer

Correct Answer: obtain information

The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________?

A annual budget

B operating budget

C specific budget

D master budget

Review Detailed Answer

Correct Answer: master budget

The what-if technique, which examines changes in results, if original prediction would not be achieved is called _____________?

A change analysis

B original analysis

C sensitivity analysis

D predicted analysis

Review Detailed Answer

Correct Answer: sensitivity analysis

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The first step in developing an operating budget is to ___________?

The factor which provides hedge to managers in adverse and unexpected circumstances is known as __________?

The schedule of expected disbursements and cash receipts is considered as __________?

The centers such as revenue, cost, investment and profit all are known as ___________?

The cash sales, accounts receivables and rental receipts all are known as ___________?

If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?

The balancing of all aspects of products or services and all the departments in the company are classified as ____________?

The second step in developing operating budget is to ___________?

The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________?

The what-if technique, which examines changes in results, if original prediction would not be achieved is called _____________?