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.
| 1551. |
An example of learning and growth perspective in balanced scorecard is$? |
| A. | employee turnover rates |
| B. | operating capabilities and number of patents |
| C. | operating income and revenue growth |
| D. | customer satisfaction and market share |
| Answer» B. operating capabilities and number of patents | |
| 1552. |
An example of direct engineered cost is$? |
| A. | indirect material cost |
| B. | direct material cost |
| C. | direct labour cost |
| D. | indirect labour cost |
| Answer» C. direct labour cost | |
| 1553. |
Chart which represents how regularly defect occurs in production process is classified as$? |
| A. | relevant costing diagram |
| B. | cause and effect diagram |
| C. | control chart |
| D. | Pareto chart |
| Answer» E. | |
| 1554. |
An amount of available capacity other than employed capacity, to meet customer's demand, is classified as$? |
| A. | targeted capacity |
| B. | budgeted capacity |
| C. | recovery capacity |
| D. | unused capacity |
| Answer» E. | |
| 1555. |
In operating income strategic analysis, a component which measures change in operating income attributed to change in output quantity is classified as$? |
| A. | internal process component |
| B. | growth component |
| C. | price recovery component |
| D. | productivity component |
| Answer» C. price recovery component | |
| 1556. |
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. | |
| 1557. |
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 | |
| 1558. |
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 | |
| 1559. |
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 | |
| 1560. |
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 | |
| 1561. |
Fourth step in decision making process is? |
| A. | linear correlation |
| B. | making decisions |
| C. | implement decisions |
| D. | evaluate performance |
| Answer» C. implement decisions | |
| 1562. |
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 | |
| 1563. |
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 | |
| 1564. |
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 | |
| 1565. |
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 | |
| 1566. |
In value chain analysis, selling and promotion to prospective customers is classified as? |
| A. | researching |
| B. | marketing |
| C. | acquaintance |
| D. | usefulness |
| Answer» C. acquaintance | |
| 1567. |
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 | |
| 1568. |
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 | |
| 1569. |
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 | |
| 1570. |
If budgeted input price is $50, price variance is $30 then an actual price will be |
| A. | $100 |
| B. | $20 |
| C. | $80 |
| D. | $60 |
| Answer» D. $60 | |
| 1571. |
If working capital is $265000 and current liabilities are $378000, then current assets can be |
| A. | $113,000 |
| B. | $643,000 |
| C. | $743,000 |
| D. | $543,000 |
| Answer» C. $743,000 | |
| 1572. |
Examining of past performance, exploring alternative and planning future is |
| A. | learning |
| B. | alternating |
| C. | examining |
| D. | deciding |
| Answer» B. alternating | |
| 1573. |
If cost of direct materials use in goods sold is $5000 and total revenues are $9000 then throughput contribution would be |
| A. | $5,000 |
| B. | $14,000 |
| C. | $4,000 |
| D. | $9,000 |
| Answer» D. $9,000 | |
| 1574. |
Fixed cost, and contribution margin percentage for bundle are divided to calculate |
| A. | breakeven costs |
| B. | breakeven revenues |
| C. | breakeven units |
| D. | breakeven sales |
| Answer» C. breakeven units | |
| 1575. |
Concept, which states that resources are used to meet particular goals is |
| A. | cost incurrence |
| B. | valued incurrence |
| C. | locked incurrence |
| D. | non valued incurrence |
| Answer» B. valued incurrence | |
| 1576. |
A company must eliminate all those activities that do not add value to all products or services in planning of |
| A. | variable overhead cost |
| B. | fixed overhead cost |
| C. | fixed batch cost |
| D. | variable batch cost |
| Answer» B. fixed overhead cost | |
| 1577. |
Cost allocation base used by an operating manager is classified as |
| A. | machine hours |
| B. | flexible hours |
| C. | variable hours |
| D. | fixed hours |
| Answer» B. flexible hours | |
| 1578. |
If actual result is $65000 and static budget variance is $35000, then static budget amount will be |
| A. | $30,000 |
| B. | $100,000 |
| C. | $200,000 |
| D. | $30,000 |
| Answer» B. $100,000 | |
| 1579. |
If operating income is $5650000 and revenue is $68558000, then return on sales will be |
| A. | 8.24% |
| B. | 7.24% |
| C. | 9.24% |
| D. | 10.24% |
| Answer» B. 7.24% | |
| 1580. |
Current assets are subtracted from current liabilities to calculate |
| A. | opportunity cost of capital |
| B. | working capital |
| C. | total long term assets |
| D. | weighted average cost of capital |
| Answer» C. total long term assets | |
| 1581. |
For increasing sales, decrease in selling price below selling price list is known as |
| A. | partial discount |
| B. | corporate discount |
| C. | treasury discount |
| D. | price discount |
| Answer» E. | |
| 1582. |
If contribution margin is $3000 and revenues are $9000, then all variable costs will be |
| A. | $12,000 |
| B. | $6,000 |
| C. | -$6000 |
| D. | -$12000 |
| Answer» C. -$6000 | |
| 1583. |
A technique, which accumulates and tracks costs 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» D. target costing | |
| 1584. |
Total cost incur by customer to use, acquire, maintain and dispose service or product is classified as |
| A. | budgeted life cycle |
| B. | targeted life cycle |
| C. | customer life cycle |
| D. | operating life cycle |
| Answer» D. operating life cycle | |
| 1585. |
In customer cost hierarchy, costs of those activities that cannot be traced to distribution channels or individual customers are called |
| A. | discretionary channel costs |
| B. | corporate-sustaining costs |
| C. | distribution-channel costs |
| D. | engineered resource costs |
| Answer» C. distribution-channel costs | |
| 1586. |
An analysis and reporting of revenues earned, and incurred costs to earn these revenues from customers is classified as |
| A. | partial productivity analysis |
| B. | treasury cost analysis |
| C. | customer profitability analysis |
| D. | customer cost analysis |
| Answer» D. customer cost analysis | |
| 1587. |
Gross margin is $7000 and revenues are $16000, then cost of goods sold would be |
| A. | $23,000 |
| B. | -$23000 |
| C. | -$9000 |
| D. | $9,000 |
| Answer» E. | |
| 1588. |
If target net income is $36000 and tax rate is 40%, then target operating income will be |
| A. | $10,000 |
| B. | $20,000 |
| C. | $40,000 |
| D. | $60,000 |
| Answer» E. | |
| 1589. |
If margin of safety is $25000 and budgeted revenue is $45000, then margin of safety in percentage will be |
| A. | 55.56% |
| B. | 25.50% |
| C. | 28.00% |
| D. | 45.00% |
| Answer» B. 25.50% | |
| 1590. |
Gross margin is divided by revenues to calculate the |
| A. | income margin percentage |
| B. | Gross margin percentage |
| C. | cost margin percentage |
| D. | sales margin percentage |
| Answer» C. cost margin percentage | |
| 1591. |
Graph, which shows change in sold quantity and its effect on operating income is called |
| A. | PV graph |
| B. | CV graph |
| C. | SO graph |
| D. | QI graph |
| Answer» B. CV graph | |
| 1592. |
In customer cost hierarchy, cost of activities related to specific channel of distribution is classified as |
| A. | discretionary channel costs |
| B. | corporate-sustaining costs |
| C. | distribution-channel costs |
| D. | engineered resource costs |
| Answer» D. engineered resource costs | |
| 1593. |
Difference between static budget amount and flexible budget amount is named as |
| A. | sales mix variance |
| B. | sales volume variance |
| C. | flexible budget variance |
| D. | static budget variance |
| Answer» C. flexible budget variance | |
| 1594. |
Difference between an actual budget and corresponding amount in static budget is classified as |
| A. | correspondent budget |
| B. | full budget variance |
| C. | methodology variance |
| D. | static budget variance |
| Answer» E. | |
| 1595. |
Difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate |
| A. | efficiency deviation |
| B. | efficiency variance |
| C. | budgeted variance |
| D. | usage variance |
| Answer» C. budgeted variance | |
| 1596. |
If an efficiency variance is 200 units and actual input quantity is 750 units, then budgeted input quantity will be |
| A. | 275 units |
| B. | 125 units |
| C. | 550 units |
| D. | 650 units |
| Answer» D. 650 units | |
| 1597. |
An actual rate paid to labour is greater than budgeted rate, it means that the |
| A. | cost is unfavourable |
| B. | variance is unfavourable |
| C. | variance is favourable |
| D. | cost is favourable |
| Answer» C. variance is favourable | |
| 1598. |
Difference between actual input variance and budgeted input variance is called |
| A. | price variance |
| B. | actual output price |
| C. | budgeted output price |
| D. | actual selling price |
| Answer» B. actual output price | |
| 1599. |
Master budget, which is based on planned output level at start of budget period is considered as |
| A. | static budget |
| B. | varied budget |
| C. | marketing budget |
| D. | methodological budget |
| Answer» B. varied budget | |
| 1600. |
If budgeted input price is $80 and price variance is $40, then an actual price will be |
| A. | $20 |
| B. | $120 |
| C. | $40 |
| D. | $60 |
| Answer» C. $40 | |