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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 financial statements and the budget plans of some companies are also called ___________?

A cost statement

B preformed statement

C sales statement

D market statement

Review Detailed Answer

Correct Answer: preformed statement

The budget, which predicts the effect of given level of operations on a cash position is classified as __________?

A market budget

B price schedule

C planned schedule

D cash budget

Review Detailed Answer

Correct Answer: cash budget

If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?

A 4000 units

B 5000 units

C 8000 units

D 10000 units

Review Detailed Answer

Correct Answer: 8000 units

The focus on budget cost of all the activities necessary to sell and produce market offerings is known as _________?

A cost based budgeting

B activity based budgeting

C production based budgeting

D raw material budgeting

Review Detailed Answer

Correct Answer: activity based budgeting

The type of budget, which is always available for the specified period of future is called __________?

A period budget

B batch budget

C discontinued budget

D continuous budget

Review Detailed Answer

Correct Answer: continuous budget

In master budgeting, the cost drivers for manufacturing overhead costs are ___________?

A direct manufacturing labor-hours

B setup labor-hours

C budgeted labor-hours

D both a and b

Review Detailed Answer

Correct Answer: both a and b

The cost influences by the responsibility center manager who is considered as ___________?

A manager cost

B influential cost

C center cost

D controllable cost

Review Detailed Answer

Correct Answer: controllable cost

The degree to which the freedom is given to lower level managers for decision making is classified as ___________?

A decentralization

B centralization

C autonomy

D congruency

Review Detailed Answer

Correct Answer: autonomy

The dysfunctional decision making is also known as ___________?

A dysfunctional decision making

B congruent decision making

C incongruent decision making

D both a and c

Review Detailed Answer

Correct Answer: both a and c

The minimum freedom for managers and maximum constraints are the main features of ____________?

A total autonomy

B total centralization

C total decentralization

D total congruency

Review Detailed Answer

Correct Answer: total centralization

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The financial statements and the budget plans of some companies are also called ___________?

The budget, which predicts the effect of given level of operations on a cash position is classified as __________?

If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?

The focus on budget cost of all the activities necessary to sell and produce market offerings is known as _________?

The type of budget, which is always available for the specified period of future is called __________?

In master budgeting, the cost drivers for manufacturing overhead costs are ___________?

The cost influences by the responsibility center manager who is considered as ___________?

The degree to which the freedom is given to lower level managers for decision making is classified as ___________?

The dysfunctional decision making is also known as ___________?

The minimum freedom for managers and maximum constraints are the main features of ____________?