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.
| 1301. |
*/*_Economic results that are predicted for possible combinations of events are classified as? |
| A. | margin |
| B. | distribution |
| C. | collection |
| D. | outcome |
| Answer» E. | |
| 1302. |
*/*_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% | |
| 1303. |
*/*_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 | |
| 1304. |
*/*_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 | |
| 1305. |
*/*_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 | |
| 1306. |
*/*_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. | |
| 1307. |
*/*_If actual price input is $500, budgeted price of input is $300 and actual quantity of input is 50 units, then price variance would be? |
| A. | $4,000 |
| B. | $6,000 |
| C. | $8,000 |
| D. | $10,000 |
| Answer» E. | |
| 1308. |
*/*_An efficiency variance is subtracted from actual input quantity to calculate? |
| A. | actual quantity manufactured |
| B. | budgeted quantity manufactures |
| C. | budgeted quantity sold |
| D. | budgeted input quantity |
| Answer» E. | |
| 1309. |
*/*_Static budget amount is subtracted from actual result to calculate? |
| A. | static budget receipts |
| B. | static budget deviation |
| C. | static budget variance |
| D. | multiple budget variance |
| Answer» D. multiple budget variance | |
| 1310. |
*/*_In cost accounting, goal of variance analysis is to? |
| A. | understand variance reason |
| B. | improve future performance |
| C. | learning of improvement |
| D. | all of above |
| Answer» E. | |
| 1311. |
*/*_Budget which is planned around a single output level is called? |
| A. | marketing budget |
| B. | methodological budget |
| C. | static budget |
| D. | varied budget |
| Answer» D. varied budget | |
| 1312. |
*/*_If static budget variance is $46000 and static budget amount is $15000, then an actual result would be? |
| A. | $80,000 |
| B. | $71,000 |
| C. | $61,000 |
| D. | $31,000 |
| Answer» E. | |
| 1313. |
*/*_An expected performance of company is also known as? |
| A. | price requirements |
| B. | supply requirements |
| C. | budgeted performance |
| D. | demand requirements |
| Answer» D. demand requirements | |
| 1314. |
*/*_In broader categories, outcomes of decisions are classified as? |
| A. | sunk factors |
| B. | quantitative factors |
| C. | qualitative factors |
| D. | both B and C |
| Answer» E. | |
| 1315. |
*/*_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 | |
| 1316. |
*/*_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 | |
| 1317. |
*/*_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 | |
| 1318. |
*/*_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 | |
| 1319. |
*/*_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 | |
| 1320. |
*/*_Basic aspects of product quality must include the? |
| A. | design quality |
| B. | conformance quality |
| C. | scorecard quality |
| D. | both a and b |
| Answer» E. | |
| 1321. |
*/*_On-time performance and customer-response time are examples of? |
| A. | customer measures |
| B. | financial measures |
| C. | measures of growth and learning |
| D. | measures of internal business processes |
| Answer» B. financial measures | |
| 1322. |
*/*_Timeframe between placement of order until a finished good produces is classified as? |
| A. | customer response time |
| B. | manufacturing lead time |
| C. | manufacturing cycle time |
| D. | both b and c |
| Answer» E. | |
| 1323. |
*/*_At break-even point, an operating income must equal to? |
| A. | $3,000 |
| B. | $2,000 |
| C. | $1,000 |
| D. | zero |
| Answer» E. | |
| 1324. |
*/*_If contribution margin per unit is $1000 and contribution margin percentage is 25%, then selling price would be? |
| A. | $2,500 |
| B. | $4,000 |
| C. | $3,800 |
| D. | $3,800 |
| Answer» C. $3,800 | |
| 1325. |
*/*_If contribution margin per unit is $800 and selling price is $20000, then contribution margin percentage will be? |
| A. | 17.00% |
| B. | 14.00% |
| C. | 4.00% |
| D. | 25.00% |
| Answer» D. 25.00% | |
| 1326. |
*/*_In a relevant range, variable cost per unit, selling price and total fixed costs are? |
| A. | unknown and variable |
| B. | known and variable |
| C. | unknown and constant |
| D. | known and constant |
| Answer» E. | |
| 1327. |
*/*_In manufacturing companies, revenue and cost drivers are categorized under? |
| A. | variable costs |
| B. | costs of goods sold |
| C. | number of units sold |
| D. | all of above |
| Answer» D. all of above | |
| 1328. |
*/*_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 | |
| 1329. |
*/*_Target operating income is multiplied to tax rate and then subtracted from target operating income to calculate? |
| A. | target net cost |
| B. | target net income |
| C. | target net gain |
| D. | target net loss |
| Answer» C. target net gain | |
| 1330. |
*/*_Fixed cost is added to target operating income and then divided to contribute margin per unit to calculate? |
| A. | quantity of units required to sold |
| B. | selling of units |
| C. | sold units |
| D. | contributed units |
| Answer» B. selling of units | |
| 1331. |
*/*_Competitiveness can be best measured by? |
| A. | Gross margin |
| B. | income margin |
| C. | sales margin |
| D. | cost margin |
| Answer» B. income margin | |
| 1332. |
*/*_Variable cost per unit is multiplied to quantity of sold units to calculate? |
| A. | per unit cost |
| B. | variable cost |
| C. | fixed cost |
| D. | multiple cost |
| Answer» C. fixed cost | |
| 1333. |
*/*_In process of examining, occurred changes in total revenues, operating income and costs is known as? |
| A. | revenue analysis |
| B. | costs analysis |
| C. | operating income analysis |
| D. | cost volume profit analysis |
| Answer» E. | |
| 1334. |
*/*_Measures that analyze 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. | |
| 1335. |
*/*_If contribution margin is $13000, total variable cost is $7000 then total revenue will be? |
| A. | $6,000 |
| B. | -$6000 |
| C. | $20,000 |
| D. | -$20000 |
| Answer» B. -$6000 | |
| 1336. |
*/*_Low level managers in organizations are to make decisions about? |
| A. | net income irrelevancy |
| B. | operating income maximization |
| C. | operating income minimization |
| D. | operating income relevancy |
| Answer» C. operating income minimization | |
| 1337. |
*/*_Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called? |
| A. | incremental decisions |
| B. | outsource decisions |
| C. | product mix decisions |
| D. | in-source decisions |
| Answer» D. in-source decisions | |
| 1338. |
*/*_Costs such as book value of old machines are $25000 can be a classified as an example of? |
| A. | salvages |
| B. | relevant |
| C. | irrelevant |
| D. | depreciated cost |
| Answer» D. depreciated cost | |
| 1339. |
*/*_An example of quantitative factor is? |
| A. | employee behavior at workplace |
| B. | employee satisfaction |
| C. | employee morale |
| D. | cost of materials |
| Answer» E. | |
| 1340. |
*/*_Factor, which are largely considered in making or buying decisions is? |
| A. | quality of suppliers |
| B. | dependability of suppliers |
| C. | production irrelevancy |
| D. | both a and b |
| Answer» E. | |
| 1341. |
*/*_Product costing technique in which markup component is added into cost base, to set a target price is known as? |
| A. | market based approach |
| B. | cost incurrence pricing |
| C. | cost plus pricing |
| D. | locked-in cost pricing |
| Answer» D. locked-in cost pricing | |
| 1342. |
*/*_Practice of seller to charge higher price for same market offering is classified as? |
| A. | peak-load pricing |
| B. | elastic pricing |
| C. | elastic demand |
| D. | inelastic demand |
| Answer» B. elastic pricing | |
| 1343. |
*/*_Costs that are unavoidable and remain unchanged no matter what done are classified as? |
| A. | sunk costs |
| B. | bunked costs |
| C. | unrecorded costs |
| D. | recorded costs |
| Answer» B. bunked costs | |
| 1344. |
*/*_A concept which explains a received money in present time, is more valuable than money received in future is called? |
| A. | lead value of money |
| B. | storage value of money |
| C. | time value of money |
| D. | cash value of money |
| Answer» D. cash value of money | |
| 1345. |
*/*_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 | |
| 1346. |
*/*_Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called? |
| A. | reengineering |
| B. | differentiation |
| C. | bargaining |
| D. | targeting |
| Answer» B. differentiation | |
| 1347. |
*/*_Which of following is an example of internal business perspective in balanced scorecard?? |
| A. | employee turnover rates |
| B. | operating capabilities and number of patents |
| C. | operating income and revenue growth |
| D. | customer satisfaction and market share |
| Answer» C. operating income and revenue growth | |
| 1348. |
*/*_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. | internal process component |
| B. | growth component |
| C. | price recovery component |
| D. | productivity component |
| Answer» D. productivity component | |
| 1349. |
*/*_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. | inelastic demand |
| B. | product differentiation |
| C. | cost leadership |
| D. | elastic demand |
| Answer» C. cost leadership | |
| 1350. |
*/*_An organization's ability to offer market offerings at lower prices, in comparison with its competitors is known as? |
| A. | inelastic demand |
| B. | product differentiation |
| C. | cost leadership |
| D. | elastic demand |
| Answer» D. elastic demand | |