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.
| 1651. |
Strategy that interlinks technology and people, to enhance relationships in all business functions is classified as |
| A. | technology management |
| B. | people management |
| C. | customer relationship management |
| D. | resource management |
| Answer» D. resource management | |
| 1652. |
Degree which predetermines target or income achieved, can be grouped under |
| A. | growth evaluation |
| B. | performance evaluation |
| C. | efficiency |
| D. | effectiveness |
| Answer» E. | |
| 1653. |
If required rate of return is 13%, operating income is $375000 and total investment is $2650000, then residual income would be |
| A. | $30,500 |
| B. | $20,500 |
| C. | $25,500 |
| D. | $32,500 |
| Answer» B. $20,500 | |
| 1654. |
In value chain analysis, coordination, acquiring and assembling of resources to produce a product is classified as |
| A. | resourcing |
| B. | value acquiring |
| C. | production |
| D. | value acquaintance |
| Answer» D. value acquaintance | |
| 1655. |
Types of costs of quality consist of |
| A. | appraisal costs |
| B. | internal and external failure costs |
| C. | prevention costs |
| D. | all of above |
| Answer» E. | |
| 1656. |
If gross margin is $6000 and total revenue is $26000, then gross margin percentage will be |
| A. | 23.08% |
| B. | 24.08% |
| C. | 25.08% |
| D. | 26.08% |
| Answer» B. 24.08% | |
| 1657. |
An estimated cost per unit in long run, which enables company to achieve it's per unit target, operating income 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» C. total current full cost | |
| 1658. |
Budget, which highlights difference between actual quantity and budgeted quantity is termed as |
| A. | actual cost budget |
| B. | flexible budget variance |
| C. | inflexible budget |
| D. | hourly budget |
| Answer» C. inflexible budget | |
| 1659. |
If actual input quantity is 300 units and budgeted input quantity is 100 units, then efficiency variance will be |
| A. | 600 units |
| B. | 200 units |
| C. | 400 units |
| D. | 500 units |
| Answer» C. 400 units | |
| 1660. |
Determined price at which company expects to pay for every single unit is called |
| A. | standard price |
| B. | input price |
| C. | actual input |
| D. | output price |
| Answer» B. input price | |
| 1661. |
Formula to calculate return on investment, according to profitability analysis in DuPont method is |
| A. | return on sales * investment turnover |
| B. | return on sales + investment turnover |
| C. | return on sales - investment turnover |
| D. | investment turnover + residual income |
| Answer» B. return on sales + investment turnover | |
| 1662. |
Depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a |
| A. | fixed batch cost |
| B. | variable batch cost |
| C. | variable overhead cost |
| D. | fixed overhead cost |
| Answer» E. | |
| 1663. |
If flexible budget amount is $7500 and sales volume variance is $6500, then static budget amount would be |
| A. | $7,500 |
| B. | $6,500 |
| C. | $1,000 |
| D. | $10,000 |
| Answer» D. $10,000 | |
| 1664. |
In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as |
| A. | sales margin |
| B. | cost margin |
| C. | Gross margin |
| D. | income margin |
| Answer» D. income margin | |
| 1665. |
Target annual operating income is divided with invested capital to calculate |
| A. | target rate of return on investment |
| B. | operating income per unit |
| C. | operating cost per unit |
| D. | cost of goods sold |
| Answer» B. operating income per unit | |
| 1666. |
Practice by seller of offering same product at different prices, to different customers is known as |
| A. | price incurrence |
| B. | price discrimination |
| C. | price targeting |
| D. | price engineering |
| Answer» C. price targeting | |
| 1667. |
Which of following do not include among major categories of corporate costs? |
| A. | human resource management costs |
| B. | corporate administration costs |
| C. | treasury costs |
| D. | discretionary costs |
| Answer» E. | |
| 1668. |
In static budget, difference between corresponding budgeted amount and actual result is called |
| A. | sales mix variance |
| B. | sales volume variance |
| C. | flexible budget variance |
| D. | static budget variance |
| Answer» E. | |
| 1669. |
If breakeven revenue is $220000 and revenue per bundle is $10000, then number of bundles to be sold to breakeven will be |
| A. | 32 bundle |
| B. | 22 bundle |
| C. | 42 bundle |
| D. | 38 bundle |
| Answer» C. 42 bundle | |
| 1670. |
If fixed cost is $20000, target operating income is $10000 and contribution margin per unit is $1200 then required units to be sold will be |
| A. | 55 units |
| B. | 45 units |
| C. | 35 units |
| D. | 25 units |
| Answer» E. | |
| 1671. |
Formula to calculate contribution margin is |
| A. | revenue - all variable cost |
| B. | revenue + all variable cost |
| C. | cost + revenue |
| D. | revenue - breakeven units |
| Answer» B. revenue + all variable cost | |
| 1672. |
If contribution margin is $72000 and operating income is $12000, then degree of operating leverage would be |
| A. | 8 |
| B. | 7 |
| C. | 6 |
| D. | 5 |
| Answer» D. 5 | |
| 1673. |
If budgeted revenue is $20000 and breakeven revenue is $15000, then margin of safety will be |
| A. | $35,000 |
| B. | $13,000 |
| C. | $5,000 |
| D. | $10,000 |
| Answer» D. $10,000 | |
| 1674. |
In corporate costs, costs incur for employee recruitment, development and training are classified as |
| A. | discretionary costs |
| B. | human resource management costs |
| C. | corporate administration costs |
| D. | treasury costs |
| Answer» C. corporate administration costs | |
| 1675. |
If sales volume variance is $8500 and static budget amount is $2000, then flexible budget amount would be |
| A. | $6,500 |
| B. | $6,600 |
| C. | $6,700 |
| D. | $6,800 |
| Answer» B. $6,600 | |
| 1676. |
An actual cost is subtracted from flexible budget cost to calculate |
| A. | positive cost variance |
| B. | negative cost variance |
| C. | flexible budget variance |
| D. | flexible cost variance |
| Answer» D. flexible cost variance | |
| 1677. |
Point at which control functions and planning of management come together is known as |
| A. | functioning |
| B. | variance |
| C. | variation |
| D. | deviation |
| Answer» C. variation | |
| 1678. |
In management control, an efficiency variance is also referred as |
| A. | control variance |
| B. | uncontrolled variance |
| C. | usage variance |
| D. | effective variance |
| Answer» D. effective variance | |
| 1679. |
Actual price of material is less than budgeted price, this means that |
| A. | price variance is favourable |
| B. | price variance is unfavourable |
| C. | cost variance is favourable |
| D. | cost variance is unfavourable |
| Answer» B. price variance is unfavourable | |
| 1680. |
A costing system, which focuses on individual activities as particular cost object is classified as |
| A. | activity based costing |
| B. | improved costing |
| C. | learned improvements |
| D. | positive effectiveness |
| Answer» B. improved costing | |
| 1681. |
If an actual result is $250000 and static budget amount is $150000, then static budget variance for operating income will be |
| A. | $400,000 |
| B. | $500,000 |
| C. | $100,000 |
| D. | $600,000 |
| Answer» D. $600,000 | |
| 1682. |
If budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be |
| A. | 250 units |
| B. | 450 units |
| C. | 550 units |
| D. | 650 units |
| Answer» C. 550 units | |
| 1683. |
Static budget variance for operating income is added in to static budget amount to calculate |
| A. | actual result |
| B. | expected results |
| C. | expected cost |
| D. | expected revenue |
| Answer» B. expected results | |
| 1684. |
When an essential information for calculation of income statement is missing, then costs that can be considered for this purpose is called |
| A. | expected cost |
| B. | expected revenues |
| C. | irrelevant costs |
| D. | relevant costs |
| Answer» E. | |
| 1685. |
Cost of new machine is considered as |
| A. | relevant |
| B. | bunk |
| C. | dispose value |
| D. | sunk |
| Answer» B. bunk | |
| 1686. |
An exertion for achieving a set goal is known as |
| A. | motivation |
| B. | goal congruence |
| C. | effort |
| D. | autonomy |
| Answer» D. autonomy | |
| 1687. |
An organizational practice, according to which decision making freedom is available to lower level managers is known as |
| A. | decentralization |
| B. | centralization |
| C. | autonomy of effort |
| D. | congruency |
| Answer» B. centralization | |
| 1688. |
Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as |
| A. | throughput costs |
| B. | investments |
| C. | operating costs |
| D. | marginal costs |
| Answer» C. operating costs | |
| 1689. |
Sum of manufacturing and waiting time for an order is classified as |
| A. | manufacturing efficiency time |
| B. | manufacturing cycle time |
| C. | responding time |
| D. | value chain time |
| Answer» C. responding time | |
| 1690. |
Incurred costs to exclude production of goods, that do not meet specification, are called |
| A. | rework costs |
| B. | prevention costs |
| C. | incremental costs |
| D. | reengineering costs |
| Answer» C. incremental costs | |
| 1691. |
Total manufacturing time is multiplied to manufacturing cycle efficiency to calculate |
| A. | manufacturing cycle efficiency |
| B. | value added manufacturing time |
| C. | responding time |
| D. | delivery time |
| Answer» C. responding time | |
| 1692. |
Costs that are incurred to find manufactured products, which does not meet specifications are called |
| A. | prevention costs |
| B. | external failure costs |
| C. | appraisal costs |
| D. | internal failure costs |
| Answer» D. internal failure costs | |
| 1693. |
If contribution margin is $15000 and units sold are 500 units, then contribution margin per unit would be |
| A. | $20 per unit |
| B. | $30 per unit |
| C. | $50 per unit |
| D. | $40 per unit |
| Answer» C. $50 per unit | |
| 1694. |
If contribution per unit is $900 and number of units sold is $70, then contribution margin will be |
| A. | $97,000 |
| B. | $83,000 |
| C. | $63,000 |
| D. | $12,860 |
| Answer» D. $12,860 | |
| 1695. |
If break-even number of units are 120 units and fixed cost is $62000, then contribution margin per unit will be |
| A. | $74,400 |
| B. | $7,440,000 |
| C. | $516.67 |
| D. | $51,667 |
| Answer» D. $51,667 | |
| 1696. |
If selling price is $2000 and contribution margin per unit is $800, then contribution margin percentage would be |
| A. | $14,000 |
| B. | $25,700 |
| C. | $16,000 |
| D. | $25,000 |
| Answer» B. $25,700 | |
| 1697. |
Contribution margin per unit is divided by contribution margin percentage to calculate |
| A. | percentage price |
| B. | margin price |
| C. | contribute price |
| D. | selling price |
| Answer» E. | |
| 1698. |
A desire of an individual to give good performance for self-satisfaction is known as |
| A. | intrinsic motivation |
| B. | extrinsic motivation |
| C. | monetary motivation |
| D. | bounded motivation |
| Answer» B. extrinsic motivation | |
| 1699. |
Contribution margin is $34000 and operating income is $12000, then degree of operating leverage will be |
| A. | 4.84 |
| B. | 2.84 |
| C. | 3.84 |
| D. | 5.84 |
| Answer» C. 3.84 | |
| 1700. |
Gross margin is added to cost of sold goods to calculate |
| A. | revenues |
| B. | selling price |
| C. | unit price |
| D. | bundle price |
| Answer» B. selling price | |