Management Sciences MCQs
These Management Sciences MCQs are for public service commission exams and BBA, and MBA students to prepare for their examinations. All MCQs are prepared after having a look at past papers of public service commission examinations held from time to time. These Management Science questions are very important for all types of tests conducted by FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, STS, ETEA, and other testing agencies of Pakistan.
A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case
A: P&L A/C is debited with 1,400
B: P&L A/C is debited with 1,200
C: 200 is shown as current asset
D: Both
E: and
Both and above
The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?
A: Interest Rate
B: Required rate of return
C: Nominal interest rate
D: All of the above
Interest Rate
An income statement in which each item expressed as percentage of Sale?
A: Balance sheet
B: income statement
C: common size income statement
D: All of the Above
common size income statement
Short term Assets expected to be converted into cash within 1 year or less than?
A: Current Assets
B: Fixed Assets
C: Current Assets& current liabilities
D: All of the above
Current Assets
_________is the cost of converting raw material into finished products?
A: Prime cost
B: Explicit cost
C: Job order cost
D: Conversion cost
Conversion cost
Net sales equals, sales minus:
A: Return outwords
B: Return inwards
C: cost of goods sold
D: carriage on sales
Return inwards
LIFO stands for__________?
A: Lots in , Few out
B: Link input, Format Output
C: Last input, First Output
D: Last in, First Out
Last in, First Out
Period cost include which of the following ?
A: selling Expense
B: Direct labor
C: factory overhead
D: selling Expenses & administrative expenses
selling Expenses & administrative expenses
Which of the following form of business organization is least regulated?
A: Sole-proprietorship
B: General Partnership
C: Limited Partnership
D: Corporation
Sole-proprietorship
Which of the following statement is considered as the accountants snapshot of firms accounting value as of a particular date?
A: Income Statement
B: Balance Sheet
C: Cash Flow Statement
D: Retained Earning Statement
Balance Sheet