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.
| 1351. |
*/*_If flexible budget variance is $105000, actual cost is $65000 then flexible budget cost will be? |
| A. | $40,000 |
| B. | $50,000 |
| C. | $150,000 |
| D. | $170,000 |
| Answer» B. $50,000 | |
| 1352. |
*/*_In response to challenges arisen by competitors and new entrants, strategy which must be considered by company does include? |
| A. | cost leadership |
| B. | demand inelasticity |
| C. | differentiated products |
| D. | both a and c |
| Answer» E. | |
| 1353. |
*/*_Rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as? |
| A. | nominal rate of return |
| B. | accrual accounting rate of return |
| C. | real rate of return |
| D. | required rate of return |
| Answer» B. accrual accounting rate of return | |
| 1354. |
*/*_Rate of return, which is made up of risk free and business risk element is known? |
| A. | nominal rate of return |
| B. | accrual accounting rate of return |
| C. | real rate of return |
| D. | required rate of return |
| Answer» D. required rate of return | |
| 1355. |
*/*_Horizontally across dimension of cost analysis is also called? |
| A. | project dimension |
| B. | accounting-period dimension |
| C. | back-flush accounting dimension |
| D. | lean accounting dimension |
| Answer» B. accounting-period dimension | |
| 1356. |
*/*_If tax operating income is $885000 per year and net initial investment is $35750000 then increase in average is? |
| A. | 2.475% per year |
| B. | 4.475% per year |
| C. | 3.475% per year |
| D. | 2.475% per year |
| Answer» E. | |
| 1357. |
*/*_Statistical quality control is also called? |
| A. | statistical process control |
| B. | statistical failure control |
| C. | statistical control of prevention cost |
| D. | statistical control of sunk cost |
| Answer» B. statistical failure control | |
| 1358. |
*/*_Carrying costs of inventories and price discounts related to delayed deliveries are examples of? |
| A. | measures of growth and learning |
| B. | measures of internal business processes |
| C. | customer measures |
| D. | financial measures |
| Answer» E. | |
| 1359. |
*/*_If total number of employees surveyed are 200 and employees that indicate higher rating for satisfaction are 195, then employee satisfaction would be? |
| A. | 94.00% |
| B. | 93.00% |
| C. | 95.00% |
| D. | 97.50% |
| Answer» E. | |
| 1360. |
*/*_Graph which plots series of successive observations of specific procedure, operation or step at regular time intervals is called? |
| A. | relevant costing diagram |
| B. | cause and effect diagram |
| C. | control chart |
| D. | pareto diagram |
| Answer» D. pareto diagram | |
| 1361. |
*/*_If number of processes, in which employees who can make decisions are 20 and number of processes are 50, then employee empowerment ratio will be? |
| A. | 0.9 |
| B. | 0.4 |
| C. | 0.3 |
| D. | 0.8 |
| Answer» C. 0.3 | |
| 1362. |
*/*_Difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called? |
| A. | sales quantity variance |
| B. | cost mix variance |
| C. | volume mix variance |
| D. | sales mix variance |
| Answer» E. | |
| 1363. |
*/*_In customer cost hierarchy, costs of all activities incurred to sell group of units to end consumers are classified as? |
| A. | customer sustaining costs |
| B. | customer output unit-level costs |
| C. | customer batch-level costs |
| D. | corporate sustaining costs |
| Answer» D. corporate sustaining costs | |
| 1364. |
*/*_All choices for decision that are easily available to managers are classified as? |
| A. | outcome |
| B. | actions |
| C. | events |
| D. | distribution |
| Answer» C. events | |
| 1365. |
*/*_If target net income is $9600 and tax rate is 40%, then target operating income would be? |
| A. | $10,000 |
| B. | $12,000 |
| C. | $16,000 |
| D. | $14,000 |
| Answer» D. $14,000 | |
| 1366. |
*/*_If gross margin is $9000 and cost of goods sold is $8000 then revenue will be? |
| A. | $1,000 |
| B. | -$1000 |
| C. | $17,000 |
| D. | -$17000 |
| Answer» D. -$17000 | |
| 1367. |
*/*_If breakeven revenue is $360000 and revenue per bundle is $12000, then number of bundles to be sold to breakeven can be? |
| A. | 52 bundles |
| B. | 48 bundles |
| C. | 45 bundles |
| D. | 30 bundles |
| Answer» E. | |
| 1368. |
*/*_Gross margin is added into cost of sold goods is to calculate the? |
| A. | revenues |
| B. | operating leverage |
| C. | contribution margin |
| D. | operating margin |
| Answer» B. operating leverage | |
| 1369. |
*/*_If total units of product A, B and C are as 200,300 and 400 respectively then sales mix would be? |
| A. | 100 units |
| B. | 900 units |
| C. | 400 units |
| D. | 500 units |
| Answer» C. 400 units | |
| 1370. |
%_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 | |
| 1371. |
%_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 | |
| 1372. |
%_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 | |
| 1373. |
%_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 | |
| 1374. |
%_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 | |
| 1375. |
%_In response to challenges arisen by competitors and new entrants, strategy which must be considered by company does include_% |
| A. | cost leadership |
| B. | demand inelasticity |
| C. | differentiated products |
| D. | both a and c |
| Answer» E. | |
| 1376. |
%_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 | |
| 1377. |
%_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 | |
| 1378. |
%_Rate of return, which is made up of risk free and business risk element is known_% |
| A. | nominal rate of return |
| B. | accrual accounting rate of return |
| C. | real rate of return |
| D. | required rate of return |
| Answer» D. required rate of return | |
| 1379. |
%_Rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as_% |
| A. | nominal rate of return |
| B. | accrual accounting rate of return |
| C. | real rate of return |
| D. | required rate of return |
| Answer» B. accrual accounting rate of return | |
| 1380. |
%_If tax operating income is $885000 per year and net initial investment is $35750000 then increase in average is_% |
| A. | 2.475% per year |
| B. | 4.475% per year |
| C. | 3.475% per year |
| D. | 2.475% per year |
| Answer» E. | |
| 1381. |
%_Horizontally across dimension of cost analysis is also called_% |
| A. | project dimension |
| B. | accounting-period dimension |
| C. | back-flush accounting dimension |
| D. | lean accounting dimension |
| Answer» B. accounting-period dimension | |
| 1382. |
%_If flexible budget variance is $105000, actual cost is $65000 then flexible budget cost will be_% |
| A. | $40,000 |
| B. | $50,000 |
| C. | $150,000 |
| D. | $170,000 |
| Answer» B. $50,000 | |
| 1383. |
_ Quantitative expression of decided plan and coordination, for plan implementation is known as$? |
| A. | cost format |
| B. | decided plan |
| C. | coordination plan |
| D. | budget |
| Answer» E. | |
| 1384. |
_ Function of management accountant, who works as business partner comes under category of$? |
| A. | asset function |
| B. | investment function |
| C. | line function |
| D. | staff function |
| Answer» E. | |
| 1385. |
_ If number of employees who left job is 40, total number of employees are 200, then employee turnover ratio will be$? |
| A. | 0.6 |
| B. | 0.5 |
| C. | 0.2 |
| D. | 0.7 |
| Answer» D. 0.7 | |
| 1386. |
_ Formal way of differentiating, between non-random and random variations, in manufacturing process is classified as$? |
| A. | statistical process control |
| B. | statistical failure control |
| C. | statistical control of prevention cost |
| D. | statistical control of sunk cost |
| Answer» B. statistical failure control | |
| 1387. |
_ An implementation of planning decisions and evaluating performance is classified as$? |
| A. | control |
| B. | evaluation |
| C. | deciding |
| D. | performing |
| Answer» B. evaluation | |
| 1388. |
_ Human resource management, IT management and management accountants are categorized under$? |
| A. | marketing management |
| B. | production management |
| C. | staff management |
| D. | line management |
| Answer» D. line management | |
| 1389. |
_ Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as$? |
| A. | material accounting |
| B. | cost accounting |
| C. | supplies accounting |
| D. | business accounting |
| Answer» C. supplies accounting | |
| 1390. |
_ Cash management, investments, long and short term financing are included in$? |
| A. | proprietorship |
| B. | functional line |
| C. | treasury |
| D. | controllership |
| Answer» D. controllership | |
| 1391. |
_ 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. $102,000 | |
| 1392. |
_ In an accounting measurement, income and investment is divided to calculate$? |
| A. | return on sales |
| B. | investment turnover |
| C. | residual income |
| D. | return on investment |
| Answer» E. | |
| 1393. |
_ Purpose of management accounting is to$? |
| A. | past orientation |
| B. | help banks make decisions |
| C. | help managers make decisions |
| D. | help investors make decision |
| Answer» D. help investors make decision | |
| 1394. |
_ Factors identified by cause and effect diagrams include$? |
| A. | component and material factors |
| B. | machine-related factors |
| C. | human factors |
| D. | all of above |
| Answer» E. | |
| 1395. |
_ If contribution margin of bundle is $4000 and revenue of bundle is $16000, then contribution margin percentage for bundle will be$? |
| A. | 10.00% |
| B. | 15.00% |
| C. | 25.00% |
| D. | 35.00% |
| Answer» D. 35.00% | |
| 1396. |
_ Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of$? |
| A. | target pricing |
| B. | target costing |
| C. | value engineering |
| D. | all of above |
| Answer» E. | |
| 1397. |
_ Flexible budget amount is added in to variable overhead flexible budget variance to calculate$? |
| A. | manufacturing costs incurred |
| B. | variable costs incurred |
| C. | fixed costs incurred |
| D. | actual costs incurred |
| Answer» E. | |
| 1398. |
_ Costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as$? |
| A. | constant costing |
| B. | standard costing |
| C. | unit costing |
| D. | batch costing |
| Answer» C. unit costing | |
| 1399. |
_ If an actual price of material is $700 and budgeted price is $900, then the$? |
| A. | cost variance is favourable |
| B. | cost variance is unfavourable |
| C. | price variance is favourable |
| D. | price variance is unfavourable |
| Answer» D. price variance is unfavourable | |
| 1400. |
_ An operating income is divided by 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 | |