Management Sciences 5308 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.

An officer responsible for financial operations of organization is considered as ___________?

A chief financial officer

B chief manager

C chief line function

D chief staff function

Review Detailed Answer

Correct Answer: chief financial officer

If the budgeted input price is $80 and the price variance is $40, then an actual price will be ___________?

A $20

B $120

C $40

D $60

Review Detailed Answer

Correct Answer: $120

The component of total cost, which never changes with change in level of production is classified as _________?

A fixed cost

B constant

C variable

D both a and b

Review Detailed Answer

Correct Answer: fixed cost

The decisions regarding usage of material, kind and changes in plant processing are a part of ____________?

A past management

B future management

C help management

D cost management

Review Detailed Answer

Correct Answer: cost management

If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be ___________?

A $80,000

B $71,000

C $61,000

D $31,000

Review Detailed Answer

Correct Answer: $31,000

In the regression equation Y = $6000 + (per unit cost ‘x’ number of units), the ‘$6000’ is a __________?

A constant

B variable

C expression

D base and exponent

Review Detailed Answer

Correct Answer: constant

The flow of goods and services, from the start of gathering materials until the delivery of products, is known as __________?

A flow chart analysis

B supply chain analysis

C resource chain analysis

D acquiring analysis

Review Detailed Answer

Correct Answer: supply chain analysis

The price variance for direct manufacturing labor is referred as ___________?

A direct variance

B rate variance

C labor variance

D manufacturing variance

Review Detailed Answer

Correct Answer: rate variance

The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

A cost function

B revenue function

C unit function

D relative function

Review Detailed Answer

Correct Answer: cost function

Examining of past performance, exploring alternative and planning future is __________?

A learning

B alternating

C examining

D deciding

Review Detailed Answer

Correct Answer: learning

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

An officer responsible for financial operations of organization is considered as ___________?

If the budgeted input price is $80 and the price variance is $40, then an actual price will be ___________?

The component of total cost, which never changes with change in level of production is classified as _________?

The decisions regarding usage of material, kind and changes in plant processing are a part of ____________?

If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be ___________?

In the regression equation Y = $6000 + (per unit cost ‘x’ number of units), the ‘$6000’ is a __________?

The flow of goods and services, from the start of gathering materials until the delivery of products, is known as __________?

The price variance for direct manufacturing labor is referred as ___________?

The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

Examining of past performance, exploring alternative and planning future is __________?

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

Accounting Mcqs 1450

Auditing Mcqs 145

Finance Mcqs 1051

HRM Mcqs 940

Marketing Mcqs 1722

An officer responsible for financial operations of organization is considered as ___________?

If the budgeted input price is $80 and the price variance is $40, then an actual price will be ___________?

The component of total cost, which never changes with change in level of production is classified as _________?

The decisions regarding usage of material, kind and changes in plant processing are a part of ____________?

If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be ___________?

In the regression equation Y = $6000 + (per unit cost ‘x’ number of units), the ‘$6000’ is a __________?

The flow of goods and services, from the start of gathering materials until the delivery of products, is known as __________?

The price variance for direct manufacturing labor is referred as ___________?

The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

Examining of past performance, exploring alternative and planning future is __________?