MCQOPTIONS
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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.
| 1151. |
Match List I with List II List I List IIA. Standard Costing I. Financial forecasting and planning B. Margin of SafetyII. Sales minus break-even salesC. Ratio AnalysisIII. Control of inventoryD. JIT SystemIV. Management by exceptionChoose the correct answer from the options given below: |
| A. | A - IV, B - II, C - I, D - III |
| B. | A - III, B - I, C - II, D - IV |
| C. | A - II, B - III, C - I, D - IV |
| D. | A - I, B - II, C - IV, D - III |
| Answer» B. A - III, B - I, C - II, D - IV | |
| 1152. |
Product A requires 10 kg of material at the rate of Rs. 5 per kg. The actual consumption of material for the manufacturing of product A comes to 12 kg of material at the rate of Rs. 6 per kg. Direct material cost variance is |
| A. | Rs. 22 (favourable) |
| B. | Rs. 22 (unfavourable) |
| C. | Rs. 12 (favourable) |
| D. | Rs. 12 (unfavourable) |
| Answer» C. Rs. 12 (favourable) | |
| 1153. |
If the current assets are $856000 and the working capital is $654500, then the current liabilities will be |
| A. | $501,500 |
| B. | $401,500 |
| C. | $201,500 |
| D. | $301,500 |
| Answer» D. $301,500 | |
| 1154. |
The after-tax average cost of the funds used by company in long run is equal to |
| A. | weighted average cost of capital |
| B. | economic value added |
| C. | after-tax operating income |
| D. | net income |
| Answer» B. economic value added | |
| 1155. |
The continuous pressure of reducing the cost of products to be sold, is classified as |
| A. | supply efficiency |
| B. | material affectivity |
| C. | processing effective |
| D. | cost and efficiency |
| Answer» E. | |
| 1156. |
An implementation of planning decisions and evaluating performance is classified as |
| A. | control |
| B. | evaluation |
| C. | deciding |
| D. | performing |
| Answer» B. evaluation | |
| 1157. |
Marketing, production and management of distribution comes under the category of |
| A. | staff management |
| B. | line management |
| C. | marketing management |
| D. | production management |
| Answer» C. marketing management | |
| 1158. |
The strategy that interlinks technology and people, to enhance relationships in all the business functions is classified as |
| A. | technology management |
| B. | people management |
| C. | customer relationship management |
| D. | resource management |
| Answer» D. resource management | |
| 1159. |
The method of pricing, when two separate pricing methods are used to price, transfer of products from one subunit to another, is called |
| A. | dual pricing |
| B. | functional pricing |
| C. | congruent pricing |
| D. | optimal pricing |
| Answer» B. functional pricing | |
| 1160. |
The difference of current assets and the working capital is equal to |
| A. | current liabilities |
| B. | long-term liabilities |
| C. | residual assets value |
| D. | net residual income |
| Answer» B. long-term liabilities | |
| 1161. |
The purpose of financial accounting is |
| A. | communicating company position to investors |
| B. | helping managers make decisions |
| C. | future oriented |
| D. | single person orientation |
| Answer» B. helping managers make decisions | |
| 1162. |
The function of plant manager, in which he is responsible for new assets investment is termed as |
| A. | line function |
| B. | staff function |
| C. | asset function |
| D. | investment function |
| Answer» B. staff function | |
| 1163. |
The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as |
| A. | quality |
| B. | management chain |
| C. | customer chain |
| D. | cost chain |
| Answer» B. management chain | |
| 1164. |
The formula to calculate return on investment, according to profitability analysis in DuPont method is |
| A. | return on sales * investment turnover |
| B. | return on sales + investment turnover |
| C. | return on sales - investment turnover |
| D. | investment turnover + residual income |
| Answer» B. return on sales + investment turnover | |
| 1165. |
Some of the methods used for determining transfer prices are |
| A. | market-based transfer prices |
| B. | cost-based transfer prices |
| C. | negotiated transfer prices |
| D. | all of above |
| Answer» E. | |
| 1166. |
The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as |
| A. | material accounting |
| B. | cost accounting |
| C. | supplies accounting |
| D. | business accounting |
| Answer» C. supplies accounting | |
| 1167. |
The cost management technique which specially addresses strategic issues is classified as |
| A. | address management |
| B. | issue management |
| C. | strategic cost management |
| D. | managerial cost |
| Answer» D. managerial cost | |
| 1168. |
The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called |
| A. | organization |
| B. | alternation |
| C. | planning |
| D. | valuing |
| Answer» D. valuing | |
| 1169. |
An availability of financial information, to oversee operations and system of accounting is known as |
| A. | manager ship |
| B. | controllership |
| C. | proprietorship |
| D. | functional line |
| Answer» C. proprietorship | |
| 1170. |
An availability of after sale support, to the existing or potential customers in value chain analysis is known as |
| A. | customer services |
| B. | utility services |
| C. | resource services |
| D. | acquiring services |
| Answer» B. utility services | |
| 1171. |
In value chain analysis, the delivery of services or products to end customers is classified as |
| A. | resource research |
| B. | market research |
| C. | utilization |
| D. | distribution |
| Answer» E. | |
| 1172. |
A desire to achieve a particular goal with pursuit of that goal is called |
| A. | motivation |
| B. | goal congruence |
| C. | effort |
| D. | autonomy |
| Answer» B. goal congruence | |
| 1173. |
The per unit opportunity cost to the selling subunit of company, is added into per unit incremental cost is incurred at point of transfer to calculate |
| A. | minimum operating cost |
| B. | maximum operating costs |
| C. | maximum transfer price |
| D. | minimum transfer price |
| Answer» E. | |
| 1174. |
The step by step business functions, in which product or services must have customer usefulness, is classified as |
| A. | value chain |
| B. | useful chain |
| C. | product chain |
| D. | services chain |
| Answer» B. useful chain | |
| 1175. |
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 |
| Answer» E. | |
| 1176. |
The human resource management, IT management and management accountants are categorized under |
| A. | marketing management |
| B. | production management |
| C. | staff management |
| D. | line management |
| Answer» D. line management | |
| 1177. |
If the opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be |
| A. | $45 |
| B. | $110 |
| C. | $20 |
| D. | $65 |
| Answer» C. $20 | |
| 1178. |
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 |
| Answer» B. chief manager | |
| 1179. |
The return on investment is also known as |
| A. | accrual accounting rate of return |
| B. | accounting rate of return |
| C. | nominal rate of return |
| D. | both a and b |
| Answer» E. | |
| 1180. |
The costs that are not incorporated in accounting records, but are recognized in different situations are classified as |
| A. | congruent costs |
| B. | imputed costs |
| C. | operating costs |
| D. | transfer costs |
| Answer» C. operating costs | |
| 1181. |
If the current assets are $250000 and the current liabilities are $135500, then the working capital would be |
| A. | $3,855,500 |
| B. | $314,500 |
| C. | $214,500 |
| D. | $114,500 |
| Answer» E. | |
| 1182. |
The return on sales is multiplied to investment turnover to calculate |
| A. | residual income |
| B. | return on investment |
| C. | return on sales |
| D. | investment turnover |
| Answer» C. return on sales | |
| 1183. |
An approach in which the managers use the resources to increase customer value is classified as |
| A. | help management |
| B. | cost management |
| C. | past management |
| D. | future management |
| Answer» C. past management | |
| 1184. |
An investment is multiplied to required rate of return, to calculate |
| A. | congruent cost of investment |
| B. | transfer cost of investment |
| C. | operating cost of investment |
| D. | imputed cost of investment |
| Answer» E. | |
| 1185. |
If the operating income is $5650000 and the revenue is $68558000, then the return on sales will be |
| A. | 8.24% |
| B. | 7.24% |
| C. | 9.24% |
| D. | 10.24% |
| Answer» B. 7.24% | |
| 1186. |
In financial accounting, the investors, banks, suppliers and government agencies are classified as |
| A. | external parties |
| B. | internal parties |
| C. | environmental parties |
| D. | transactional parties |
| Answer» B. internal parties | |
| 1187. |
The system in an organization that articulates the purpose, mission and core values of a company is classified as |
| A. | interactive control system |
| B. | belief system |
| C. | boundary system |
| D. | diagnostic control system |
| Answer» C. boundary system | |
| 1188. |
The maximum freedom for managers and minimum constraints are the main features of |
| A. | total autonomy |
| B. | total centralization |
| C. | total decentralization |
| D. | total congruency |
| Answer» D. total congruency | |
| 1189. |
The decision making methods, used for subunits of company are highly interdependent on each other is called |
| A. | incongruent decision making |
| B. | functional decision making |
| C. | congruent decision making |
| D. | duplication decision making |
| Answer» B. functional decision making | |
| 1190. |
An economic value added method is specific type of method to calculate |
| A. | net income |
| B. | nominal income |
| C. | residual income |
| D. | residual investment |
| Answer» D. residual investment | |
| 1191. |
In value chain analysis, the selling and promotion to prospective customers is classified as |
| A. | researching |
| B. | marketing |
| C. | acquaintance |
| D. | usefulness |
| Answer» C. acquaintance | |
| 1192. |
An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as |
| A. | external accounting |
| B. | internal accounting |
| C. | business accounting |
| D. | financial accounting |
| Answer» E. | |
| 1193. |
The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called |
| A. | financial accounting |
| B. | management accounting |
| C. | cost accounting |
| D. | decision accounting |
| Answer» C. cost accounting | |
| 1194. |
The type of accounting which reports to external parties of the organization is known as |
| A. | cost accounting |
| B. | decision accounting |
| C. | financial accounting |
| D. | management accounting |
| Answer» D. management accounting | |
| 1195. |
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 |
| Answer» C. resource chain analysis | |
| 1196. |
If the working capital is $265000 and the current liabilities are $378000, then the current assets can be |
| A. | $113,000 |
| B. | $643,000 |
| C. | $743,000 |
| D. | $543,000 |
| Answer» C. $743,000 | |
| 1197. |
In management accounting, an emphasis and focus must be |
| A. | future oriented |
| B. | past oriented |
| C. | communication oriented |
| D. | bank oriented |
| Answer» B. past oriented | |
| 1198. |
The process of analyzing and reviewing financial records to check the integrity of company financial reports is called |
| A. | internal audit |
| B. | external audit |
| C. | functional audit |
| D. | treasury audit |
| Answer» B. external audit | |
| 1199. |
The quantitative expression of decided plan and coordination, for plan implementation is known as |
| A. | cost format |
| B. | decided plan |
| C. | coordination plan |
| D. | budget |
| Answer» E. | |
| 1200. |
In an accounting measurement, income and investment is divided to calculate |
| A. | return on sales |
| B. | investment turnover |
| C. | residual income |
| D. | return on investment |
| Answer» E. | |