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MCQOPTIONS
This section includes 1713 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 951. |
Consideration of decreased operating income relative to budgeted amount in static budget is classified as |
| A. | evenue variance |
| B. | ost variance |
| C. | avourable variance |
| D. | nfavourable variance |
| Answer» E. | |
| 952. |
Standard input allows one unit, to be divided by standard cost per output unit for variable direct cost input, to calculate |
| A. | tandard price per input unit |
| B. | tandard price per output unit |
| C. | tandard cost per input unit |
| D. | tandard cost per output unit |
| Answer» B. tandard price per output unit | |
| 953. |
Considering two fiscal years 2013 and 2014, actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be |
| A. | 70,000 |
| B. | 75,000 |
| C. | 65,000 |
| D. | 73,000 |
| Answer» C. 65,000 | |
| 954. |
In response to challenges arisen by competitors and new entrants, strategy which must be considered by company does include |
| A. | ost leadership |
| B. | emand inelasticity |
| C. | ifferentiated products |
| D. | oth a and c |
| Answer» E. | |
| 955. |
If manufacturing cycle efficiency is 0.725 and total manufacturing time is 45 minute, then value added manufacturing time will be |
| A. | 2.625 |
| B. | 6.724 |
| C. | 2.625 |
| D. | 1.625 |
| Answer» D. 1.625 | |
| 956. |
Chart which represents how regularly defect occurs in production process is classified as |
| A. | elevant costing diagram |
| B. | ause and effect diagram |
| C. | ontrol chart |
| D. | areto chart |
| Answer» E. | |
| 957. |
Balanced scorecard perspective focuses on all operations, which leads to value creation process for customers, can be categorized as |
| A. | earning perspective |
| B. | inancial perspective |
| C. | nternal business process perspective |
| D. | ustomer perspective |
| Answer» D. ustomer perspective | |
| 958. |
An organization's ability to offer market offerings at lower prices, in comparison with its competitors is known as |
| A. | nelastic demand |
| B. | roduct differentiation |
| C. | ost leadership |
| D. | lastic demand |
| Answer» D. lastic demand | |
| 959. |
In operating income strategic analysis, strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year can be classified as |
| A. | nternal process component |
| B. | rowth component |
| C. | rice recovery component |
| D. | roductivity component |
| Answer» E. | |
| 960. |
An amount of available capacity other than employed capacity, to meet customer's demand, is classified as |
| A. | argeted capacity |
| B. | udgeted capacity |
| C. | ecovery capacity |
| D. | nused capacity |
| Answer» E. | |
| 961. |
If quantity of manufactured jackets is 2250000 units and leather used to produce output is 3500000 sq.m, then direct materials' partial productivity will be |
| A. | .642 unit of jacket per sq.m of leather |
| B. | .342 unit of jacket per sq.m of leather |
| C. | .442 unit of jacket per sq.m of leather |
| D. | .542 unit of jacket per sq.m of leather |
| Answer» B. .342 unit of jacket per sq.m of leather | |
| 962. |
An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called |
| A. | nelastic demand |
| B. | roduct differentiation |
| C. | ost leadership |
| D. | lastic demand |
| Answer» C. ost leadership | |
| 963. |
An example of financial perspective in balanced scorecard is |
| A. | mployee turnover rates |
| B. | perating capabilities and number of patents |
| C. | perating income and revenue growth |
| D. | ustomer satisfaction and market share |
| Answer» D. ustomer satisfaction and market share | |
| 964. |
In operating income strategic analysis, a component which measures change in operating income attributed to change in output quantity is classified as |
| A. | nternal process component |
| B. | rowth component |
| C. | rice recovery component |
| D. | roductivity component |
| Answer» C. rice recovery component | |
| 965. |
In strategy formulation, forces that must be focused for industry analysis include |
| A. | otential entrants in market |
| B. | ustomer's bargaining power |
| C. | upplier's bargaining power |
| D. | ll of above |
| Answer» E. | |
| 966. |
In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as |
| A. | nternal process component |
| B. | rowth component |
| C. | rice recovery component |
| D. | roductivity component |
| Answer» D. roductivity component | |
| 967. |
Considering balanced scorecard, perspective in which performance of organization includes is |
| A. | inancial perspective |
| B. | earning and growth perspective |
| C. | ustomer perspective |
| D. | ll of above |
| Answer» E. | |
| 968. |
Quantity of produced output is divided by quantity of used input to calculate |
| A. | argeted productivity |
| B. | otal factor productivity |
| C. | artial productivity |
| D. | nused productivity |
| Answer» D. nused productivity | |
| 969. |
Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as |
| A. | earning perspective |
| B. | inancial perspective |
| C. | nternal business process perspective |
| D. | ustomer perspective |
| Answer» C. nternal business process perspective | |
| 970. |
Which of following is an example of internal business perspective in balanced scorecard? |
| A. | mployee turnover rates |
| B. | perating capabilities and number of patents |
| C. | perating income and revenue growth |
| D. | ustomer satisfaction and market share |
| Answer» C. perating income and revenue growth | |
| 971. |
Way an organization matches its capabilities with available opportunities to accomplish its goals is called |
| A. | lasticity incurrence |
| B. | ff shoring |
| C. | trategy |
| D. | ngineering |
| Answer» D. ngineering | |
| 972. |
Considering two fiscal years 2013 and 2014, if selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be |
| A. | 14,500 |
| B. | 135,000 |
| C. | 125,000 |
| D. | 12,500 |
| Answer» D. 12,500 | |
| 973. |
Categories of cash flows include |
| A. | et initial investment |
| B. | ash flow from operations after paying taxes |
| C. | ash flow from terminal disposal after paying taxes |
| D. | ll of above |
| Answer» E. | |
| 974. |
If an initial investment is $765000, payback period is 4.5 years, then increase in future cash flow will be |
| A. | 5,645,000 |
| B. | 6,442,500 |
| C. | 3,442,500 |
| D. | 5,442,500 |
| Answer» D. 5,442,500 | |
| 975. |
If net initial investment is $985000, returned working capital is $7500, then an average investment over five years will be |
| A. | 596,300 |
| B. | 485,300 |
| C. | 496,250 |
| D. | 486,250 |
| Answer» D. 486,250 | |
| 976. |
An example of direct engineered cost is |
| A. | ndirect material cost |
| B. | irect material cost |
| C. | irect labour cost |
| D. | ndirect labour cost |
| Answer» C. irect labour cost | |
| 977. |
Considering two fiscal years 2013 and 2014, an input price in 2013 and 2014 are $9 and $11 per unit respectively and input required units in 2013 to produce output in 2014 are 30000 units, then cost effect of price recovery will be |
| A. | 60,000 |
| B. | 6,000 |
| C. | 65,000 |
| D. | 6,500 |
| Answer» B. 6,000 | |
| 978. |
Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called |
| A. | eengineering |
| B. | ifferentiation |
| C. | argaining |
| D. | argeting |
| Answer» B. ifferentiation | |
| 979. |
In an innovation process, operation process and post sales services are all sub processes of a perspective named |
| A. | nternal business process perspective |
| B. | xternal business process perspective |
| C. | eadership perspective |
| D. | eengineering perspective |
| Answer» B. xternal business process perspective | |
| 980. |
An example of learning and growth perspective in balanced scorecard is |
| A. | mployee turnover rates |
| B. | perating capabilities and number of patents |
| C. | perating income and revenue growth |
| D. | ustomer satisfaction and market share |
| Answer» B. perating capabilities and number of patents | |
| 981. |
If payback period is 4 years and uniform increases in cash flows per year is $2750000, then net initial investment can be |
| A. | 10,511,000 |
| B. | 12,105,000 |
| C. | 1,100,000 |
| D. | 11,000,000 |
| Answer» E. | |
| 982. |
A concept which explains a received money in present time, is more valuable than money received in future is called |
| A. | ead value of money |
| B. | torage value of money |
| C. | ime value of money |
| D. | ash value of money |
| Answer» D. ash value of money | |
| 983. |
If nominal rate is 26% and inflation rate is 12%, then real rate can be |
| A. | 3.75% |
| B. | 1.65% |
| C. | 2.50% |
| D. | 3.50% |
| Answer» D. 3.50% | |
| 984. |
Net initial investment is divided by uniform increasing in future cash flows to calculate |
| A. | iscounting period |
| B. | nvestment period |
| C. | ayback period |
| D. | arning period |
| Answer» D. arning period | |
| 985. |
Variance is stated difference between expected performance and the |
| A. | evenue planning |
| B. | ctual results |
| C. | arketing results |
| D. | ost planning |
| Answer» C. arketing results | |
| 986. |
If actual cost is $356000 and flexible budget cost is $255000, then flexible budget variance will be |
| A. | 104,000 |
| B. | 103,000 |
| C. | 101,000 |
| D. | 102,000 |
| Answer» D. 102,000 | |
| 987. |
Quantity of input which is carefully determined is called |
| A. | utput unit |
| B. | nput unit |
| C. | tandard input |
| D. | tandard output |
| Answer» D. tandard output | |
| 988. |
In costing and budgeting hierarchy, an example of product sustaining cost is |
| A. | nitial offering cost |
| B. | atch marketing cost |
| C. | roduct marketing cost |
| D. | roduct design cost |
| Answer» E. | |
| 989. |
If an actual price of material is $700 and budgeted price is $900, then the |
| A. | ost variance is favourable |
| B. | ost variance is unfavourable |
| C. | rice variance is favourable |
| D. | rice variance is unfavourable |
| Answer» D. rice variance is unfavourable | |
| 990. |
Consideration of increased operating income relative to budgeted amount is classified as |
| A. | avourable variance |
| B. | nfavourable variance |
| C. | evenue variance |
| D. | ost variance |
| Answer» B. nfavourable variance | |
| 991. |
An energy, machine maintenance, indirect materials and engineering support are considered as |
| A. | ariable overhead cost |
| B. | ixed overhead cost |
| C. | ixed batch cost |
| D. | ariable batch cost |
| Answer» B. ixed overhead cost | |
| 992. |
Costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as |
| A. | onstant costing |
| B. | tandard costing |
| C. | nit costing |
| D. | atch costing |
| Answer» C. nit costing | |
| 993. |
Difference between actual variable overhead cost and flexible budget variable overhead amount is termed as |
| A. | verhead flexible budget variance |
| B. | verhead fixed budget variance |
| C. | verhead flexible cost variance |
| D. | verhead flexible price variance |
| Answer» B. verhead fixed budget variance | |
| 994. |
In standard costing, standard quantity allocation is multiplied to standard overhead rates for allocating |
| A. | lexible costs |
| B. | ariable costs |
| C. | verhead costs |
| D. | ixed costs |
| Answer» D. ixed costs | |
| 995. |
Flexible budget amount is added in to variable overhead flexible budget variance to calculate |
| A. | anufacturing costs incurred |
| B. | ariable costs incurred |
| C. | ixed costs incurred |
| D. | ctual costs incurred |
| Answer» E. | |
| 996. |
If flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be |
| A. | 15,000 |
| B. | 35,000 |
| C. | 65,000 |
| D. | 75,000 |
| Answer» D. 75,000 | |
| 997. |
If current assets are $250000 and current liabilities are $135500, then working capital would be |
| A. | 3,855,500 |
| B. | 314,500 |
| C. | 214,500 |
| D. | 114,500 |
| Answer» E. | |
| 998. |
System in an organization that articulates purpose, mission and core values of a company is classified as |
| A. | nteractive control system |
| B. | elief system |
| C. | oundary system |
| D. | iagnostic control system |
| Answer» C. oundary system | |
| 999. |
An investment is multiplied to required rate of return to calculate |
| A. | ongruent cost of investment |
| B. | ransfer cost of investment |
| C. | perating cost of investment |
| D. | mputed cost of investment |
| Answer» E. | |
| 1000. |
Sum of all resources used to generate income is classified as |
| A. | uPont investment |
| B. | eturn on investment |
| C. | nvestment |
| D. | nvestment turnover |
| Answer» D. nvestment turnover | |