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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 sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be _____________?
A $40,000
B $154,000
C $164,000
D $124,000
Correct Answer: $40,000
The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called __________?
A product life cycle
B life cycle budgeting
C life cycle costing
D target costing
Correct Answer: product life cycle
The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be __________?
A $61,000
B $71,000
C $43,000
D $24,000
Correct Answer: $71,000
If the invested capital is $150000 and target rate of return on investment is 16%, then the targeted annual operating income would be ___________?
A $27,000
B $26,000
C $24,000
D $25,000
Correct Answer: $24,000
If the flexible budget amount is $62000 and an actual result is $35000, then the flexible budget amount would be ___________?
A $27,000
B $37,000
C $97,000
D $87,000
Correct Answer: $27,000
The major influential factors on supply and demand include ____________?
A customers
B costs
C competitors
D all of above
Correct Answer: customers
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate _____________?
A profit variance
B investment variance
C cost variance
D selling price variance
Correct Answer: selling price variance
The technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called ___________?
A product life cycle
B life cycle budgeting
C life cycle costing
D target costing
Correct Answer: life cycle budgeting
The difference between the flexible budget amount and the corresponding actual result is called ______________?
A corresponding variance
B resultant variance
C flexible budget variance
D static budget variance
Correct Answer: flexible budget variance
The companies that perform in less competitive markets and their market offerings significantly differ are classified as ___________?
A independent revenue approach
B market based approach
C cost based approach
D dependent revenue approach
Correct Answer: cost based approach
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