MCQOPTIONS
Saved Bookmarks
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.
| 1501. |
_An efficiency variance is 200 units and actual input quantity is 500 units, then budgeted input quantity will be$? |
| A. | 300 units |
| B. | 700 units |
| C. | 800 units |
| D. | 500 units |
| Answer» B. 700 units | |
| 1502. |
_Price variance for direct manufacturing labour is referred as$? |
| A. | direct variance |
| B. | rate variance |
| C. | labour variance |
| D. | manufacturing variance |
| Answer» C. labour variance | |
| 1503. |
_If price variance is $20 and budgeted input price is $70, then an actual price will be$? |
| A. | $90 |
| B. | $50 |
| C. | -$50 |
| D. | $100 |
| Answer» B. $50 | |
| 1504. |
_In budget hierarchy, material handling cost is$? |
| A. | fixed manufacturing cost |
| B. | batch level cost |
| C. | per unit cost |
| D. | factory overall cost |
| Answer» C. per unit cost | |
| 1505. |
_First step in decision making process is to$? |
| A. | identify problem |
| B. | identify linear variable |
| C. | identify certainty |
| D. | identify multiplier |
| Answer» B. identify linear variable | |
| 1506. |
_Book value of existing equipment is a historical cost and not necessary for deciding equipment replacement, thus it can be considered as$? |
| A. | operating cost |
| B. | sunk cost |
| C. | in-house cost |
| D. | out-house cost |
| Answer» C. in-house cost | |
| 1507. |
_A desire to achieve a particular goal with pursuit of that goal is called$? |
| A. | motivation |
| B. | goal congruence |
| C. | effort |
| D. | autonomy |
| Answer» B. goal congruence | |
| 1508. |
_Means of collecting and using information, to coordinate decision and planning through an organization are termed as$? |
| A. | customer control system |
| B. | business control system |
| C. | financial control system |
| D. | management control systems |
| Answer» E. | |
| 1509. |
Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate$? |
| A. | employee satisfaction |
| B. | employee turnover |
| C. | employee training |
| D. | employee failures |
| Answer» B. employee turnover | |
| 1510. |
A process by which employees can make decisions is divided by total number of processes to calculate$? |
| A. | employee turnover ratio |
| B. | employee empowerment ratio |
| C. | employee satisfaction ratio |
| D. | employee training percentage |
| Answer» C. employee satisfaction ratio | |
| 1511. |
Revenues are subtracted from cost of direct materials of sold goods is to calculate$? |
| A. | throughput contribution |
| B. | operating cost contribution |
| C. | operating contribution |
| D. | marginal contribution |
| Answer» B. operating cost contribution | |
| 1512. |
Costs that are incurred to prevent low quality goods production are classified as$? |
| A. | costs of quality |
| B. | costs of learning |
| C. | costs of reengineering |
| D. | costs of spoilage inventory |
| Answer» B. costs of learning | |
| 1513. |
Employees that are trained to manage bottlenecks, during production operations and employee satisfaction are related to$? |
| A. | measures of growth and learning |
| B. | measures of internal business processes |
| C. | customer measures |
| D. | financial measures |
| Answer» B. measures of internal business processes | |
| 1514. |
Variable cost is subtracted from fixed costs to calculate$? |
| A. | unit income |
| B. | fixed income |
| C. | operating income |
| D. | marginal income |
| Answer» D. marginal income | |
| 1515. |
If total revenue is $10000 and total variable cost is $4000, then contribution margin would be$? |
| A. | $25,000 |
| B. | $14,000 |
| C. | $6,000 |
| D. | $8,400 |
| Answer» C. $6,000 | |
| 1516. |
Difference between variable cost per unit and selling price can be classified as$? |
| A. | contribution margin per unit |
| B. | variable margin per unit |
| C. | selling margin per unit |
| D. | sale per unit |
| Answer» B. variable margin per unit | |
| 1517. |
If fixed cost is $40000 and contribution margin per unit is $800 per unit, then breakeven of units will be$? |
| A. | 60 units |
| B. | 30 units |
| C. | 50 units |
| D. | 70 units |
| Answer» D. 70 units | |
| 1518. |
If fixed cost is $50000 and contribution margin percentage is 20%, then breakeven revenue will be$? |
| A. | $100,000 |
| B. | $150,000 |
| C. | $250,000 |
| D. | $225,000 |
| Answer» D. $225,000 | |
| 1519. |
After-tax average cost of funds used by company in long run is equal to$? |
| A. | weighted average cost of capital |
| B. | economic value added |
| C. | after-tax operating income |
| D. | net income |
| Answer» B. economic value added | |
| 1520. |
Type of distribution, which consists of alternative outcomes and probabilities of events is classified as$? |
| A. | event table |
| B. | outcome table |
| C. | decision table |
| D. | probability table |
| Answer» D. probability table | |
| 1521. |
Fixed cost is divided by break-even revenues to calculate$? |
| A. | cost margin |
| B. | fixed margin |
| C. | revenue margin |
| D. | contribution margin |
| Answer» E. | |
| 1522. |
If contribution margin percentage is 20% and selling price is $4000, then contribution margin per unit will be$? |
| A. | $200 |
| B. | $400 |
| C. | $600 |
| D. | $800 |
| Answer» E. | |
| 1523. |
If total revenue is $9000, total variable cost is $2000, then contribution margin will be$? |
| A. | $11,000 |
| B. | -$7000 |
| C. | $4,500 |
| D. | $7,000 |
| Answer» E. | |
| 1524. |
Contribution margin per unit is $500 per unit and breakeven per unit is $35, then fixed cost would be$? |
| A. | $13,500 |
| B. | $14,280 |
| C. | $18,500 |
| D. | $17,500 |
| Answer» E. | |
| 1525. |
Return on sales is multiplied to investment turnover to calculate$? |
| A. | residual income |
| B. | return on investment |
| C. | return on sales |
| D. | investment turnover |
| Answer» C. return on sales | |
| 1526. |
To calculate what, fixed cost is divided into contribution margin per unit?$? |
| A. | fixed output |
| B. | variable output |
| C. | breakeven number of units |
| D. | total number of units |
| Answer» D. total number of units | |
| 1527. |
Costs which are related to different functions of value chain of company, such as marketing and manufacturing costs are considered as$? |
| A. | value costs |
| B. | future function costs |
| C. | business function costs |
| D. | sunk function costs |
| Answer» D. sunk function costs | |
| 1528. |
Formal method of making choices, considering help of quantitative and qualitative analysis is classified as$? |
| A. | quantitative analysis |
| B. | decision method |
| C. | qualitative method |
| D. | linearity method |
| Answer» C. qualitative method | |
| 1529. |
Forgone contribution of resources, in to revenues because of not using resources, in next best use is classified as$? |
| A. | in-source cost |
| B. | opportunity cost |
| C. | offshore cost |
| D. | outsource cost |
| Answer» C. offshore cost | |
| 1530. |
Decisions made by team of individuals or single person, whether to outsource products or in-source are classified as$? |
| A. | demand or supply decisions |
| B. | make or buy decisions |
| C. | relevant or irrelevant decision |
| D. | idle or busy decisions |
| Answer» C. relevant or irrelevant decision | |
| 1531. |
Span time from initial research and development of product till support and customer service, if not offered for that particular product will be called$? |
| A. | product life cycle |
| B. | life cycle budgeting |
| C. | life cycle costing |
| D. | target costing |
| Answer» B. life cycle budgeting | |
| 1532. |
Technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called$? |
| A. | product life cycle |
| B. | life cycle budgeting |
| C. | life cycle costing |
| D. | target costing |
| Answer» C. life cycle costing | |
| 1533. |
Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as$? |
| A. | reverse engineering |
| B. | value engineering |
| C. | target engineering |
| D. | operation engineering |
| Answer» C. target engineering | |
| 1534. |
An amount of additional cost incurred for any particular activity is classified as$? |
| A. | incremental cost |
| B. | differential cost |
| C. | dependent cost |
| D. | independent cost |
| Answer» B. differential cost | |
| 1535. |
Standard input allows one unit, to be divided by standard cost per output unit for variable direct cost input, to calculate$? |
| A. | standard price per input unit |
| B. | standard price per output unit |
| C. | standard cost per input unit |
| D. | standard cost per output unit |
| Answer» B. standard price per output unit | |
| 1536. |
Method, which calculates time to recoup initial investment of project in form of expected cash flows is known as$? |
| A. | net value cash flow method |
| B. | payback method |
| C. | single cash flow method |
| D. | lean cash flow method |
| Answer» C. single cash flow method | |
| 1537. |
Capital budgeting method to analyze information of financials include$? |
| A. | internal rate of return |
| B. | accrual accounting rate of return |
| C. | net present value |
| D. | all of above |
| Answer» E. | |
| 1538. |
Rate of required return to cover risk of investment in absence of inflation is classified as$? |
| A. | real rate of return |
| B. | required rate of return |
| C. | nominal rate of return |
| D. | none of above |
| Answer» B. required rate of return | |
| 1539. |
Working capital cash outflow, cash outflow to buy machine and cash inflow from machine are examples of$? |
| A. | cash flow from operations |
| B. | terminal disposal of investment |
| C. | net initial investment |
| D. | average return on investment |
| Answer» D. average return on investment | |
| 1540. |
Cost incur for defective products, after their shipment to customers is classified as$? |
| A. | prevention costs |
| B. | external failure costs |
| C. | appraisal costs |
| D. | internal failure costs |
| Answer» C. appraisal costs | |
| 1541. |
Step by step business functions, in which product or services must have customer usefulness is classified as$? |
| A. | value chain |
| B. | useful chain |
| C. | product chain |
| D. | services chain |
| Answer» B. useful chain | |
| 1542. |
An availability of financial information, to oversee operations and system of accounting is known as$? |
| A. | manager ship |
| B. | controllership |
| C. | proprietorship |
| D. | functional line |
| Answer» C. proprietorship | |
| 1543. |
Experimentation and generation of ideas related to new product or services are included in$? |
| A. | addressing management |
| B. | research and development |
| C. | value development |
| D. | service provider |
| Answer» C. value development | |
| 1544. |
Function of plant manager, in which he is responsible for new assets investment is termed as$? |
| A. | line function |
| B. | staff function |
| C. | asset function |
| D. | investment function |
| Answer» B. staff function | |
| 1545. |
Type of accounting which measures, reports and analysis non-financial and financial information to help in decision making is called$? |
| A. | financial accounting |
| B. | management accounting |
| C. | cost accounting |
| D. | decision accounting |
| Answer» C. cost accounting | |
| 1546. |
In value chain analysis, selling and promotion to prospective customers is classified as$? |
| A. | researching |
| B. | marketing |
| C. | acquaintance |
| D. | usefulness |
| Answer» C. acquaintance | |
| 1547. |
Purpose of financial accounting is$? |
| A. | communicating company position to investors |
| B. | helping managers make decisions |
| C. | future oriented |
| D. | single person orientation |
| Answer» B. helping managers make decisions | |
| 1548. |
Net initial investment is divided by uniform increasing in future cash flows to calculate$? |
| A. | discounting period |
| B. | investment period |
| C. | payback period |
| D. | earning period |
| Answer» D. earning period | |
| 1549. |
Quantity of produced output is divided by quantity of used input to calculate$? |
| A. | targeted productivity |
| B. | total factor productivity |
| C. | partial productivity |
| D. | unused productivity |
| Answer» D. unused productivity | |
| 1550. |
Considering two fiscal years 2013 and 2014, if selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be$? |
| A. | $14,500 |
| B. | $135,000 |
| C. | $125,000 |
| D. | $12,500 |
| Answer» D. $12,500 | |