M C Q s D r i v e

Management Sciences 5308 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.

The systems of accounting are _____________?

A Two
B Three
C Five
D Six
Correct Answer: Two

The unsold goods are ______________?

A Equity
B Sale return
C Inventory
D Purchases
Correct Answer: Inventory

Debts which are payable in the course of a month are called _____________?

A External liabilities
B Fixed liabilities
C Current liabilities
D Liquid Liabilities
Correct Answer: Current liabilities

Income earned but not received is called ____________?

A Fictitious assets
B Quick asset
C Real asset
D Outstanding asset
Correct Answer: Outstanding asset

The assets which come into existence upon the happening of a certain event are called__________?

A Contingent assets
B Fixed assets
C Fictitious assets
D Quick assets
Correct Answer: Contingent assets

The assets which have some market value are called ____________?

A Fixed asset
B Quick asset
C Fictitious assets
D Real assets
Correct Answer: Real assets

Assets having physical existence are called ___________?

A Current asset
B intangible asset
C Tangible asset
D Liquid asset
Correct Answer: Tangible asset

When owner withdraw cash for its private use, it is called ___________?

A Profit
B Income
C Expense
D Drawing
Correct Answer: Drawing

Building and furniture are called ____________?

A Current asset
B Fictitious asset
C Tangible asset
D Fixed assets
Correct Answer: Fixed assets

Expenses of the following nature are treated as a Revenue expenses except__________?

A Expenses for day to day running of the business
B Putting the new asset in working condition
C Depreciation
D Purchase of raw material
Correct Answer: Putting the new asset in working condition