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.
| 1401. |
_ System in an organization that articulates 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 | |
| 1402. |
_ If budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then sales mix variance will be$? |
| A. | $8,000 |
| B. | $80,000 |
| C. | $62,000 |
| D. | $35,000 |
| Answer» B. $80,000 | |
| 1403. |
_ All choices for decision that are easily available to managers are classified as$? |
| A. | outcome |
| B. | actions |
| C. | events |
| D. | distribution |
| Answer» C. events | |
| 1404. |
_ An estimated price, which is expected to be paid by customers for particular market offering is classified as$? |
| A. | target price |
| B. | target cost |
| C. | outsource price |
| D. | off shore price |
| Answer» B. target cost | |
| 1405. |
_ If total production is 25000 units and target annual operating income is $300000 then target operating income per unit would be$? |
| A. | $15 |
| B. | $12 |
| C. | $16 |
| D. | $18 |
| Answer» C. $16 | |
| 1406. |
_ In customer cost hierarchy, costs of individual customer support activities are classified as$? |
| A. | discretionary channel costs |
| B. | corporate-sustaining costs |
| C. | distribution-channel costs |
| D. | customer-sustaining costs |
| Answer» E. | |
| 1407. |
_ Division of all costs related to customers on basis of different cost allocation bases or cost drivers is called$? |
| A. | customer cost hierarchy |
| B. | customer profitability hierarchy |
| C. | treasury costing hierarchy |
| D. | partial costing hierarchy |
| Answer» B. customer profitability hierarchy | |
| 1408. |
_ 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 | |
| 1409. |
_ 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. -$17000 | |
| 1410. |
_ Gross margin is added into cost of sold goods is to calculate the$? |
| A. | revenues |
| B. | operating leverage |
| C. | contribution margin |
| D. | operating margin |
| Answer» B. operating leverage | |
| 1411. |
_ If total units of product A, B and C are as 200,300 and 400 respectively then sales mix would be$? |
| A. | 100 units |
| B. | 900 units |
| C. | 400 units |
| D. | 500 units |
| Answer» C. 400 units | |
| 1412. |
_ Difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called$? |
| A. | sales quantity variance |
| B. | cost mix variance |
| C. | volume mix variance |
| D. | sales mix variance |
| Answer» E. | |
| 1413. |
_ 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 | |
| 1414. |
_ If an actual result is $50000 and static budget variance is $25000, then static budget amount will be$? |
| A. | $75,000 |
| B. | $25,000 |
| C. | $35,000 |
| D. | $45,000 |
| Answer» C. $35,000 | |
| 1415. |
_ Flexible budget variance is subtracted from actual cost to calculate$? |
| A. | flexible budget cost |
| B. | flexible investment cost |
| C. | static budget cost |
| D. | static variable cost |
| Answer» B. flexible investment cost | |
| 1416. |
_ Budgeted input quantity is added in to efficiency variance to calculate$? |
| A. | actual input quantity |
| B. | actual output quantity |
| C. | actual input price |
| D. | actual output price |
| Answer» B. actual output quantity | |
| 1417. |
_ If a company uses large quantity of input than budgeted quantity for output level, then company is known to be$? |
| A. | variable growth of company |
| B. | constant growth of company |
| C. | company is inefficient |
| D. | company is efficient |
| Answer» D. company is efficient | |
| 1418. |
_ Performance is evaluated only on basis of price variance, if performance evaluation is$? |
| A. | positive |
| B. | negative |
| C. | zero |
| D. | one |
| Answer» B. negative | |
| 1419. |
_ If input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under$? |
| A. | lesser effective |
| B. | greater efficiency |
| C. | smaller efficiency |
| D. | greater effective |
| Answer» C. smaller efficiency | |
| 1420. |
_ An unfavourable variance in static budget is also known as$? |
| A. | favourable variance |
| B. | adverse variance |
| C. | adverse standard deviation |
| D. | unfavourable variance |
| Answer» C. adverse standard deviation | |
| 1421. |
_ If actual payment to labour is $1200 and budgeted rate is $1000, then labour price variance would be$? |
| A. | less than zero |
| B. | equal to zero |
| C. | favourable |
| D. | unfavourable |
| Answer» E. | |
| 1422. |
_ Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as$? |
| A. | outsourcing |
| B. | insourcing |
| C. | idle sourcing |
| D. | sunk sourcing |
| Answer» B. insourcing | |
| 1423. |
_ Some of methods used for determining transfer prices are$? |
| A. | market-based transfer prices |
| B. | cost-based transfer prices |
| C. | negotiated transfer prices |
| D. | all of above |
| Answer» E. | |
| 1424. |
_ Decision making methods, used for subunits of company are highly interdependent on each other is called$? |
| A. | incongruent decision making |
| B. | functional decision making |
| C. | congruent decision making |
| D. | duplication decision making |
| Answer» B. functional decision making | |
| 1425. |
_ Minimum freedom for managers and maximum constraints are main features of$? |
| A. | total autonomy |
| B. | total centralization |
| C. | total decentralization |
| D. | total congruency |
| Answer» C. total decentralization | |
| 1426. |
_ 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$? |
| A. | 0.9 |
| B. | 0.4 |
| C. | 0.3 |
| D. | 0.8 |
| Answer» C. 0.3 | |
| 1427. |
_ Statistical quality control is also called$? |
| 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 | |
| 1428. |
_ Carrying costs of inventories and price discounts related to delayed deliveries are examples of$? |
| A. | measures of growth and learning |
| B. | measures of internal business processes |
| C. | customer measures |
| D. | financial measures |
| Answer» E. | |
| 1429. |
_ If total number of employees surveyed are 200 and employees that indicate higher rating for satisfaction are 195, then employee satisfaction would be$? |
| A. | 94.00% |
| B. | 93.00% |
| C. | 95.00% |
| D. | 97.50% |
| Answer» E. | |
| 1430. |
_ 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 | |
| 1431. |
__Fixed cost is divided to contribution margin to calculate__ |
| A. | breakeven revenue |
| B. | total revenue |
| C. | fixed revenue |
| D. | variable revenue |
| Answer» B. total revenue | |
| 1432. |
__Total revenues is subtracted from total variable costs to calculate__ |
| A. | revenue margin |
| B. | variable margin |
| C. | contribution margin |
| D. | divisor margin |
| Answer» D. divisor margin | |
| 1433. |
__If contribution margin per unit is $40 per unit and selling price is $200, then contribution margin percentage would be__ |
| A. | 20.00% |
| B. | 10.00% |
| C. | 22.00% |
| D. | 16.00% |
| Answer» B. 10.00% | |
| 1434. |
__Selling price is multiplied to quantity of sold units to calculate__ |
| A. | revenues |
| B. | sold quantity |
| C. | sold price |
| D. | bulk price |
| Answer» B. sold quantity | |
| 1435. |
__Quantity of manufactured goods are sold at which total cost equal, is known as__ |
| A. | breakeven point |
| B. | cost point |
| C. | revenue point |
| D. | quantity point |
| Answer» B. cost point | |
| 1436. |
__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 | |
| 1437. |
__An effect of fixed cost to change in operating income is classified as__ |
| A. | uncertain margin |
| B. | certain margin |
| C. | operating margin |
| D. | operating leverage |
| Answer» E. | |
| 1438. |
__If gross margin is $2000 and revenue is $5000, then cost of goods sold would be__ |
| A. | -$8000 |
| B. | $3,000 |
| C. | -$3000 |
| D. | $8,000 |
| Answer» C. -$3000 | |
| 1439. |
__If cost of goods sold is $8000, gross margin is $5000 then revenue will be__ |
| A. | $13,000 |
| B. | -$13000 |
| C. | $3,000 |
| D. | -$3000 |
| Answer» B. -$13000 | |
| 1440. |
__If fixed cost is $30000, contribution margin percentage is 40%, then breakeven revenue will be__ |
| A. | $120,000 |
| B. | $75,000 |
| C. | $12,000 |
| D. | $175,000 |
| Answer» C. $12,000 | |
| 1441. |
__Contribution per unit is $1200 and number of units sold is $80, then contribution margin would be__ |
| A. | $9,650 |
| B. | $96,000 |
| C. | $15 |
| D. | $9,600 |
| Answer» C. $15 | |
| 1442. |
__Formal information systems, used in organizations to focus company's learning and attention given to 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 | |
| 1443. |
__If contribution margin percentage is 30%, selling price is $5000, then contribution margin per unit will be__ |
| A. | $900 |
| B. | $1,200 |
| C. | $1,500 |
| D. | $1,600 |
| Answer» D. $1,600 | |
| 1444. |
__Type of outcomes that can be measured in numerical terms are classified as__ |
| A. | qualitative factors |
| B. | quantitative factors |
| C. | expected factors |
| D. | recorded factors |
| Answer» C. expected factors | |
| 1445. |
__Type of outcomes, which can never be measured in numerical terms in books of accounts are classified as__ |
| A. | expected factors |
| B. | recorded factors |
| C. | qualitative factors |
| D. | quantitative factors |
| Answer» D. quantitative factors | |
| 1446. |
__Difference of cost, which occurs while considering alternatives can be classified as__ |
| A. | dependent cost |
| B. | independent cost |
| C. | incremental cost |
| D. | differential cost |
| Answer» E. | |
| 1447. |
__Difference that exists between total revenues, can be earned from two different alternatives is termed as__ |
| A. | independent revenue |
| B. | incremental revenue |
| C. | differential revenue |
| D. | dependent revenue |
| Answer» D. dependent revenue | |
| 1448. |
__Kind of costs that has been occurred in past are also known as__ |
| A. | unrecorded costs |
| B. | recorded costs |
| C. | sunk costs |
| D. | bunked costs |
| Answer» D. bunked costs | |
| 1449. |
__Major influential factors on supply and demand include__ |
| A. | customers |
| B. | costs |
| C. | competitors |
| D. | all of above |
| Answer» B. costs | |
| 1450. |
__Major approaches to make decisions about pricing include__ |
| A. | market based |
| B. | sunk cost |
| C. | cost based |
| D. | both a and c |
| Answer» E. | |