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.
| 1601. |
In management control, point of reference for making comparisons of performance is |
| A. | focused performance |
| B. | merchandise performance |
| C. | distribution performance |
| D. | expected performance |
| Answer» E. | |
| 1602. |
In relevance concepts, relevant revenues are also termed as |
| A. | parallel revenues |
| B. | abnormal revenues |
| C. | expected future revenues |
| D. | serial revenues |
| Answer» D. serial revenues | |
| 1603. |
An investment of money in idle inventory, in place of investing same amount of money somewhere else is an example of |
| A. | offshore cost |
| B. | outsource cost |
| C. | in-source cost |
| D. | opportunity cost |
| Answer» E. | |
| 1604. |
If opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be |
| A. | $45 |
| B. | $110 |
| C. | $20 |
| D. | $65 |
| Answer» C. $20 | |
| 1605. |
Products or services that are transferred between different subunits of a company are classified as |
| A. | mobile products |
| B. | dysfunctional products |
| C. | intermediate product |
| D. | territorial product |
| Answer» D. territorial product | |
| 1606. |
Consumed time to deliver a complete order to its customers is termed as |
| A. | responding time |
| B. | value chain time |
| C. | delivery time |
| D. | manufacturing cycle efficiency |
| Answer» D. manufacturing cycle efficiency | |
| 1607. |
A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottle neck operations is |
| A. | theory of contribution |
| B. | theory of constraints |
| C. | theory of conflicts |
| D. | theory of maximization |
| Answer» C. theory of conflicts | |
| 1608. |
Number of employees who left company, divided by average number of employees to calculate ratio is called |
| A. | employee turnover ratio |
| B. | employee empowerment ratio |
| C. | employee satisfaction ratio |
| D. | employee training percentage |
| Answer» B. employee empowerment ratio | |
| 1609. |
Costs incur for defective products, before their shipment to customers can be categorized as |
| A. | prevention costs |
| B. | external failure costs |
| C. | appraisal costs |
| D. | internal failure costs |
| Answer» E. | |
| 1610. |
Reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are examples of |
| A. | measures of growth and learning |
| B. | measures of internal business processes |
| C. | customer measures |
| D. | financial measures |
| Answer» C. customer measures | |
| 1611. |
Contribution margin per unit is divided by selling price of product to calculate |
| A. | selling margin percentage |
| B. | cost margin percentage |
| C. | discount percentage |
| D. | contribution margin percentage |
| Answer» E. | |
| 1612. |
If selling price is $20 and number of units sold are 800, then revenue is equal to |
| A. | $16,000 |
| B. | $40,000 |
| C. | $25,000 |
| D. | $35,700 |
| Answer» B. $40,000 | |
| 1613. |
If variable cost per unit is $25 and quantity of units sold is 5000, then total variable cost would be |
| A. | $155,000 |
| B. | $125,000 |
| C. | $135,000 |
| D. | $145,000 |
| Answer» C. $135,000 | |
| 1614. |
Contribution margin per unit is divided by selling price to calculate |
| A. | fixed margin percentage |
| B. | contribution margin percentage |
| C. | variable margin percentage |
| D. | breakeven margin percentage |
| Answer» C. variable margin percentage | |
| 1615. |
If contribution margin per unit is $700 per unit and break-even per unit is $40, then fixed cost would be |
| A. | $35,000 |
| B. | $28,000 |
| C. | $17,500 |
| D. | $82,000 |
| Answer» C. $17,500 | |
| 1616. |
Return on investment is also known as |
| A. | accrual accounting rate of return |
| B. | accounting rate of return |
| C. | nominal rate of return |
| D. | both a and b |
| Answer» E. | |
| 1617. |
If budgeted sales in unit is 50 and breakeven sales in unit is 12, then margin of safety in units will be |
| A. | 62 |
| B. | 38 |
| C. | 48 |
| D. | 58 |
| Answer» C. 48 | |
| 1618. |
Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as |
| A. | mutual distribution |
| B. | probability distribution |
| C. | collective distribution |
| D. | marginal distribution |
| Answer» C. collective distribution | |
| 1619. |
If contribution margin per unit is $500 and contribution margin percentage is 25%, then selling price will be |
| A. | $2,000 |
| B. | $5,250 |
| C. | $4,280 |
| D. | $3,860 |
| Answer» B. $5,250 | |
| 1620. |
If revenue is $15000, total variable cost is $5000 and fixed cost $2000 then operating income will be |
| A. | $4,000 |
| B. | $8,000 |
| C. | $5,000 |
| D. | $3,000 |
| Answer» C. $5,000 | |
| 1621. |
If variable cost is $50000 and fixed cost is $30000, then operating income would be |
| A. | $80,000 |
| B. | $160,000 |
| C. | $16,000 |
| D. | $20,000 |
| Answer» E. | |
| 1622. |
Rupee amount for required return of investment is subtracted from income to calculate |
| A. | net income |
| B. | after tax income |
| C. | residual income |
| D. | operating income |
| Answer» D. operating income | |
| 1623. |
If after-tax operating income is $185000, weighted average cost of capital is 11%, total assets are $485000 and total liabilities are $367000, then economic value added would be |
| A. | $142,020 |
| B. | $172,020 |
| C. | $162,020 |
| D. | $152,020 |
| Answer» C. $162,020 | |
| 1624. |
Cost such as dispose value of an old machine is $6000 is classified as |
| A. | irrelevant |
| B. | depreciated cost |
| C. | salvages |
| D. | relevant |
| Answer» E. | |
| 1625. |
Financial factors measured in numerical terms, having some monetary value are considered as |
| A. | qualitative factors |
| B. | quantitative factors |
| C. | expected factors |
| D. | recorded factors |
| Answer» C. expected factors | |
| 1626. |
As compared to irrelevant cost, occurrence of relevant costs must |
| A. | have high correlation |
| B. | be in future |
| C. | be in past |
| D. | be zero correlated |
| Answer» C. be in past | |
| 1627. |
In cost-plus pricing, 'plus' refers to a component named as |
| A. | off shore cost |
| B. | markup |
| C. | sunk cost |
| D. | outsource cost |
| Answer» C. sunk cost | |
| 1628. |
Process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors' technologies is called |
| A. | outsource engineering |
| B. | reverse engineering |
| C. | target engineering |
| D. | off shore engineering |
| Answer» C. target engineering | |
| 1629. |
An income, which a company aims to earn by selling each unit of market offering is classified as |
| A. | target operating income per unit |
| B. | target cost per unit |
| C. | total current full cost |
| D. | total cost per unit |
| Answer» B. target cost per unit | |
| 1630. |
Costs that behaves as irrelevant costs in process of decision making are classified as |
| A. | past costs |
| B. | future costs |
| C. | expected costs |
| D. | sunk costs |
| Answer» B. future costs | |
| 1631. |
If net initial investment is $6850000 and uniform increases yearly cash flows is $2050000, then payback period will be |
| A. | 3.34 years |
| B. | 4.34 years |
| C. | 5.34 years |
| D. | 6.34 years |
| Answer» B. 4.34 years | |
| 1632. |
Considering two years 2013 and 2014, quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate |
| A. | benchmark engineered productivity |
| B. | benchmark total factor productivity |
| C. | benchmark partial productivity |
| D. | benchmark total productivity |
| Answer» C. benchmark partial productivity | |
| 1633. |
An example of customer 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» E. | |
| 1634. |
An approach is used to manage unused capacity is |
| A. | reengineering |
| B. | downsizing |
| C. | upgrading |
| D. | none of above |
| Answer» C. upgrading | |
| 1635. |
Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as |
| A. | differentiation scorecard |
| B. | bargaining scorecard |
| C. | leadership scorecard |
| D. | balanced scorecard |
| Answer» E. | |
| 1636. |
Value added manufacturing time is divided by total manufacturing is to calculate |
| A. | value chain efficiency |
| B. | value chain effectively |
| C. | manufacturing cycle effectively |
| D. | manufacturing cycle efficiency |
| Answer» E. | |
| 1637. |
Balanced scorecard perspective measures company's success in targeted segments of customers, this perspective can also be classified as |
| A. | internal business process perspective |
| B. | customer perspective |
| C. | learning perspective |
| D. | financial perspective |
| Answer» C. learning perspective | |
| 1638. |
Quantity of produced output is divided with cost of all used inputs to calculate |
| A. | engineered productivity |
| B. | targeted productivity |
| C. | partial productivity |
| D. | total factor productivity |
| Answer» E. | |
| 1639. |
Dimensional analysis of cost includes |
| A. | horizontally across dimension |
| B. | horizontally upward dimension |
| C. | vertically upward dimension |
| D. | both a and c |
| Answer» E. | |
| 1640. |
If real rate is 16% and an inflation rate is 8%, then nominal rate of return will be |
| A. | 27.28% |
| B. | 25.28% |
| C. | 22.28% |
| D. | 21.28% |
| Answer» C. 22.28% | |
| 1641. |
Cash flows method, used by net present value method and internal rate of return are |
| A. | vertical cash flows |
| B. | discounted cash flows |
| C. | lean cash flows |
| D. | future cash flows |
| Answer» C. lean cash flows | |
| 1642. |
Project's expected monetary loss or gain by discounting all cash outflows and inflows, using required rate of return is classified as |
| A. | net present value |
| B. | net future value |
| C. | net discounted value |
| D. | net recorded cash value |
| Answer» B. net future value | |
| 1643. |
If actual input price is $150 and budgeted input price is $80, then price variance will be |
| A. | $130 |
| B. | $70 |
| C. | $150 |
| D. | $80 |
| Answer» C. $150 | |
| 1644. |
Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called |
| A. | organization |
| B. | alternation |
| C. | planning |
| D. | valuing |
| Answer» D. valuing | |
| 1645. |
Flow of goods and services, from start of gathering materials until delivery of products, is known as |
| A. | flow chart analysis |
| B. | supply chain analysis |
| C. | resource chain analysis |
| D. | acquiring analysis |
| Answer» C. resource chain analysis | |
| 1646. |
Cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate |
| A. | throughput costs |
| B. | investments |
| C. | operating costs |
| D. | marginal costs |
| Answer» D. marginal costs | |
| 1647. |
Cost management technique which specially addresses strategic issues is classified as |
| A. | address management |
| B. | issue management |
| C. | strategic cost management |
| D. | managerial cost |
| Answer» D. managerial cost | |
| 1648. |
In financial accounting, an emphasis and focus is considered as |
| A. | communication oriented |
| B. | bank oriented |
| C. | future oriented |
| D. | past oriented |
| Answer» E. | |
| 1649. |
An engineering of products or detailed planning of products or services is called |
| A. | product design |
| B. | research steps |
| C. | useful chain |
| D. | value added |
| Answer» B. research steps | |
| 1650. |
Marketing, production and management of distribution comes under category of |
| A. | staff management |
| B. | line management |
| C. | marketing management |
| D. | production management |
| Answer» C. marketing management | |