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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.

In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?

A contribution

B certainty

C uncertainty

D margin

Review Detailed Answer

Correct Answer: certainty

The goodness of fit predicted values is also known as ___________?

A coefficient of determination

B coefficient of index

C coefficient of residual

D coefficient of prediction

Review Detailed Answer

Correct Answer: coefficient of determination

In monetary terms, an expected value of the outcome is classified as __________?

A expected value

B expected decision value

C expected outcome value

D expected monetary value

Review Detailed Answer

Correct Answer: expected monetary value

If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

A $16,000

B $200

C $400

D $20,000

Review Detailed Answer

Correct Answer: $200

The quantity or number of units of different products that together make up total sales of the company is called _____________?

A sales mix

B product mix

C unit mix

D quantity mix

Review Detailed Answer

Correct Answer: sales mix

In step cost functions, the cost is increased by ____________?

A discrete amounts

B same amounts

C linear amounts

D nonlinear amounts

Review Detailed Answer

Correct Answer: discrete amounts

In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

A sales margin

B cost margin

C Gross margin

D income margin

Review Detailed Answer

Correct Answer: Gross margin

In linear cost function, the fixed cost is considered as _________?

A constant

B variable

C exponent

D base

Review Detailed Answer

Correct Answer: constant

If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________?

A 10%

B 15%

C 25%

D 35%

Review Detailed Answer

Correct Answer: 25%

The strength of relationship between cost driver and cost is considered as __________?

A badness of residual

B goodness of residual

C badness of fit

D goodness of fit

Review Detailed Answer

Correct Answer: goodness of fit

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?

The goodness of fit predicted values is also known as ___________?

In monetary terms, an expected value of the outcome is classified as __________?

If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

The quantity or number of units of different products that together make up total sales of the company is called _____________?

In step cost functions, the cost is increased by ____________?

In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

In linear cost function, the fixed cost is considered as _________?

If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________?

The strength of relationship between cost driver and cost is considered as __________?