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.
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
A cash book that is used to record the small payments of cash is generally referred as_________?
A: Simple cash book
B: Two column cash book
C: Three column cash book
D: Petty cash book
Petty cash book
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
Payment of rent expenses is recorded on which side of cash book?
A: Receipts
B: Payments
C: Income
D: Expense
Payments
Cash discount is allowed on _______ repayment of debt.
A: Lump sum
B: Prompt
C: Actual
D: None of them
Prompt
Introduction capital by owner of business is recorded on which side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Receipts
A cash book with cash, bank and discount column is commonly referred as________?
A: Cash book
B: Two columns cash book
C: Three columns cash book
D: Petty cash book
Three columns cash book
The most common imprest system is the ________ system?
A: Petty cash
B: Cash book
C: Cash receipt
D: Discount
Petty cash