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.
| 1201. |
The function of management accountant, who works as business partner comes under the category of |
| A. | asset function |
| B. | investment function |
| C. | line function |
| D. | staff function |
| Answer» E. | |
| 1202. |
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 |
| Answer» D. congruency | |
| 1203. |
The system in an organization, which defines behavior standards and code of conduct is known as |
| A. | interactive control system |
| B. | belief system |
| C. | boundary system |
| D. | diagnostic control system |
| Answer» D. diagnostic control system | |
| 1204. |
In cost benefit approach, the type of costs include |
| A. | cost of ongoing operations |
| B. | investments in physical assets |
| C. | training of managers |
| D. | all of above |
| Answer» E. | |
| 1205. |
The decisions regarding usage of material, kind and changes in plant processing are a part of |
| A. | past management |
| B. | future management |
| C. | help management |
| D. | cost management |
| Answer» E. | |
| 1206. |
The cash management, investments, long and short term financing are included in |
| A. | proprietorship |
| B. | functional line |
| C. | treasury |
| D. | controllership |
| Answer» D. controllership | |
| 1207. |
An operating income is divided by the revenues to calculate |
| A. | residual income |
| B. | return on after-tax operating income |
| C. | return on sales |
| D. | return on investment |
| Answer» D. return on investment | |
| 1208. |
The sum of all the resources used to generate income is classified as |
| A. | DuPont investment |
| B. | return on investment |
| C. | investment |
| D. | investment turnover |
| Answer» D. investment turnover | |
| 1209. |
The sum of working capital and current liabilities is equal to |
| A. | imputed assets |
| B. | residual assets |
| C. | current assets |
| D. | nominal assets |
| Answer» D. nominal assets | |
| 1210. |
The total available assets are subtracted from idle assets to calculate |
| A. | market equity |
| B. | total assets employed |
| C. | total assets available |
| D. | stockholders' equity |
| Answer» C. total assets available | |
| 1211. |
A situation when groups and individuals work together for achieving a particular goal can be classified as |
| A. | motivation |
| B. | goal congruence |
| C. | effort |
| D. | autonomy |
| Answer» C. effort | |
| 1212. |
The experimentation and generation of ideas related to new product or services are included in |
| A. | addressing management |
| B. | research and development |
| C. | value development |
| D. | service provider |
| Answer» C. value development | |
| 1213. |
If the required rate of return is 13%, operating income is $375000 and the total investment is $2650000, then the residual income would be |
| A. | $30,500 |
| B. | $20,500 |
| C. | $25,500 |
| D. | $32,500 |
| Answer» B. $20,500 | |
| 1214. |
The rupee amount for required return of investment is subtracted from income to calculate |
| A. | net income |
| B. | after tax income |
| C. | residual income |
| D. | operating income |
| Answer» D. operating income | |
| 1215. |
The formal information systems, used in organizations to focus company's learning and attention, given to the most important strategic issues are known as |
| A. | interactive control system |
| B. | belief systems |
| C. | boundary systems |
| D. | diagnostic control systems |
| Answer» B. belief systems | |
| 1216. |
The measures that analyze the performance of a company, such as residual income, economic value added and customer satisfaction are collectively called |
| A. | interactive control systems |
| B. | belief systems |
| C. | boundary systems |
| D. | diagnostic control systems |
| Answer» E. | |
| 1217. |
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 |
| Answer» C. total decentralization | |
| 1218. |
The means of collecting and using information, to coordinate decision and planning through an organization are termed as |
| A. | customer control system |
| B. | business control system |
| C. | financial control system |
| D. | management control systems |
| Answer» E. | |
| 1219. |
The price charged by one subunit to supply products or services to another unit is called |
| A. | subunit autonomy cost |
| B. | transfer price |
| C. | performance prices |
| D. | effort cost |
| Answer» C. performance prices | |
| 1220. |
The products or services that are transferred between different subunits of a company are classified as |
| A. | mobile products |
| B. | dysfunctional products |
| C. | intermediate product |
| D. | territorial product |
| Answer» D. territorial product | |
| 1221. |
An organizational practice, according to which the decision making freedom is available to lower level managers is known as |
| A. | decentralization |
| B. | centralization |
| C. | autonomy of effort |
| D. | congruency |
| Answer» B. centralization | |
| 1222. |
An accounting approach, in which the expected benefits exceed the expected cost is classified as |
| A. | benefit approach |
| B. | cost approach |
| C. | cost-benefit approach |
| D. | accounting approach |
| Answer» D. accounting approach | |
| 1223. |
In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as |
| A. | resourcing |
| B. | value acquiring |
| C. | production |
| D. | value acquaintance |
| Answer» D. value acquaintance | |
| 1224. |
The purpose of management accounting is to |
| A. | past orientation |
| B. | help banks make decisions |
| C. | help managers make decisions |
| D. | help investors make decision |
| Answer» D. help investors make decision | |
| 1225. |
The time that a company takes to create and produce a new product is classified as |
| A. | management factor |
| B. | time factor |
| C. | customer factor |
| D. | chain factor |
| Answer» C. customer factor | |
| 1226. |
Per unit opportunity cost to 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. | |
| 1227. |
Degree to which freedom is given to lower level managers for decision making is classified as%! |
| A. | decentralization |
| B. | centralization |
| C. | autonomy |
| D. | congruency |
| Answer» D. congruency | |
| 1228. |
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. | |
| 1229. |
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. | |
| 1230. |
Categories of cash flows include%! |
| A. | net initial investment |
| B. | cash flow from operations after paying taxes |
| C. | cash flow from terminal disposal after paying taxes |
| D. | all of above |
| Answer» E. | |
| 1231. |
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 | |
| 1232. |
Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as%! |
| A. | learning perspective |
| B. | financial perspective |
| C. | internal business process perspective |
| D. | customer perspective |
| Answer» C. internal business process perspective | |
| 1233. |
In strategy formulation, forces that must be focused for industry analysis include%! |
| A. | potential entrants in market |
| B. | customer's bargaining power |
| C. | supplier's bargaining power |
| D. | all of above |
| Answer» E. | |
| 1234. |
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. | 0.642 unit of jacket per sq.m of leather |
| B. | 0.342 unit of jacket per sq.m of leather |
| C. | 0.442 unit of jacket per sq.m of leather |
| D. | 0.542 unit of jacket per sq.m of leather |
| Answer» B. 0.342 unit of jacket per sq.m of leather | |
| 1235. |
Balanced scorecard perspective focuses on all operations, which leads to value creation process for customers, can be categorized as%! |
| A. | learning perspective |
| B. | financial perspective |
| C. | internal business process perspective |
| D. | customer perspective |
| Answer» D. customer perspective | |
| 1236. |
An actual input quantity is 200 units and budgeted input quantity is 50 units, then efficiency variance will be%! |
| A. | 275 units |
| B. | 250 units |
| C. | 150 units |
| D. | 650 units |
| Answer» D. 650 units | |
| 1237. |
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 | |
| 1238. |
Process of making long term decisions, for capital investment in projects is called%! |
| A. | lead budgeting |
| B. | lean budgeting |
| C. | capital budgeting |
| D. | relevant budgeting |
| Answer» D. relevant budgeting | |
| 1239. |
Sum of returned working capital and net initial investment is divided by 2 to calculate%! |
| A. | increase in operating income |
| B. | average investment over five years |
| C. | average capital invested |
| D. | average rate of return |
| Answer» C. average capital invested | |
| 1240. |
According to net present value, projects that would be acceptable must have a%! |
| A. | negative net present value |
| B. | zero net present value |
| C. | positive net present value |
| D. | both b and c |
| Answer» E. | |
| 1241. |
executive salaries, rent and other general administration cost in corporate costs are classified under%! |
| A. | human resource management costs |
| B. | corporate administration costs |
| C. | treasury costs |
| D. | discretionary costs |
| Answer» C. treasury costs | |
| 1242. |
If an actual result is $5500 and corresponding amount of flexible budget on basis of actual level of output is $3500, then flexible budget variance will be%! |
| A. | $2,500 |
| B. | $5,500 |
| C. | $3,500 |
| D. | $2,000 |
| Answer» E. | |
| 1243. |
In accounting, possibility of deviation of actual amount from an expected amount is classified as%! |
| A. | contribution |
| B. | certainty |
| C. | uncertainty |
| D. | margin |
| Answer» D. margin | |
| 1244. |
If budgeted revenue is $50000 and breakeven revenue is $35000, then margin of safety would be%! |
| A. | $12,000 |
| B. | $14,000 |
| C. | $15,000 |
| D. | $16,000 |
| Answer» D. $16,000 | |
| 1245. |
Economic results that are predicted for possible combinations of events are classified as%! |
| A. | margin |
| B. | distribution |
| C. | collection |
| D. | outcome |
| Answer» E. | |
| 1246. |
If fixed cost is $15000 and breakeven revenue is $45000 then contribution margin will be%! |
| A. | 33.34% |
| B. | 43.34% |
| C. | 23.00% |
| D. | 25.00% |
| Answer» B. 43.34% | |
| 1247. |
Amount of money by which total revenues exceed breakeven revenues is classified as%! |
| A. | margin of safety |
| B. | margin of profit |
| C. | margin of loss |
| D. | margin of income |
| Answer» B. margin of profit | |
| 1248. |
Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as%! |
| A. | sales mix variance |
| B. | sales volume variance |
| C. | flexible budget variance |
| D. | static budget variance |
| Answer» D. static budget variance | |
| 1249. |
A product performance in comparison to its features and design is classified as%! |
| A. | learning quality |
| B. | design quality |
| C. | conformance quality |
| D. | business process quality |
| Answer» D. business process quality | |
| 1250. |
Time between a customer's order placement till customer receives its delivery is known as%! |
| A. | manufacturing lead time |
| B. | manufacturing cycle time |
| C. | customer response time |
| D. | system process time |
| Answer» D. system process time | |