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.
IFRS 9 explains about?
A: Inventory
B: Accounts Payable
C: Accounts Receivable
D: Expenses
Accounts Receivable
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
A: 0.65
B: 0.35
C: 1.5
D: 5.29
0.65
Consider the following data pertaining to the production of a company for a particular month :
A: Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025
B: 94,287
C: 95,020
D: 1,52,624
Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.
A: 8,000 units
B: 11,000 units
C: 10,000 units
D: 9,000 units
10,000 units
When production is equal to sales, which of the following is TRUE?
A: No change occurs to inventories for either use absorption costing or variable costing methods
B: The use of absorption costing produces a higher net income than the use of variable costing
C: The use of absorption costing produces a lower net income than the use of variable costing
D: The use of absorption costing causes inventory value to increase more than they would though the use of variable costing
No change occurs to inventories for either use absorption costing or variable costing methods
An average cost is also known as________?
A: Variable cost
B: Unit cost
C: Total cost
D: Fixed cost
Unit cost
Costs that change in response to alternative courses of action are called___________?
A: Relevant costs
B: Differential costs
C: Target costs
D: Sunk costs
Differential costs
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
A: Direct cost
B: Variable cost
C: Commercial cost
D: Conversion cost
Commercial cost