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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

If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be ___________?
A $9,000
B $8,000
C $12,000
D $21,000
Correct Answer: $9,000
The situation in which two or more independent variables are highly correlated is known as ___________?
A price linearity
B cost linearity
C division linearity
D multi-collinearity
Correct Answer: cost linearity
If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be _______?
A $1,500,000
B $2,500,000
C $3,500,000
D $4,500,000
Correct Answer: $1,500,000
In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be ___________?
A 95
B 50
C 120
D 100
Correct Answer: 50
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?
A $45,000
B $55,000
C $75,000
D $65,000
Correct Answer: $75,000
The examples of nonlinear cost functions are _____________?
A step constant functions
B step cost functions
C step price functions
D step object functions
Correct Answer: step cost functions
The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be _________?
A $5,000,000
B $3,000,000
C $2,000,000
D $1,000,000
Correct Answer: $3,000,000
In adjustment issues of costing, the database must consider wide range values of __________?
A fixed object
B cost driver
C cost object
D mixed object
Correct Answer: cost driver
The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?
A flexible budget
B fixed budget
C variable budget
D multiplied budget
Correct Answer: flexible budget
In the specification analysis, the assumptions related to linearity states but linearity must be within ____________?
A irrelevant range
B relevant range
C significant range
D insignificant range
Correct Answer: relevant range
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