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Q.1
Companies that perform in less competitive markets and their market offerings significantly differ are classified as
independent revenue approach
market based approach
cost based approach
dependent revenue approach
Q.2
Process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors' technologies is called
outsource engineering
reverse engineering
target engineering
off shore engineering
Q.3
Technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called
product life cycle
life cycle budgeting
life cycle costing
target costing
Q.4
Major influential factors on supply and demand include
customers
costs
competitors
all of above
Q.5
Product costing technique in which markup component is added into cost base, to set a target price is known as
market based approach
cost incurrence pricing
cost plus pricing
locked-in cost pricing
Q.6
Target annual operating income is divided with invested capital to calculate
target rate of return on investment
operating income per unit
operating cost per unit
cost of goods sold
Q.7
A technique, which accumulates and tracks costs of business function in value chain attributed to each market offering from R&D to final customer support, is called
product life cycle
life cycle budgeting
life cycle costing
target costing
Q.8
Contribution margin is $34000 and operating income is $12000, then degree of operating leverage will be
4.84
2.84
3.84
5.84
Q.9
If budgeted sales in unit is 50 and breakeven sales in unit is 12, then margin of safety in units will be
62
38
48
58
Q.10
If cost base is $350 and markup component is 11% then prospective selling price will be
388.5
350
362
368.5
Q.11
An estimated price, which is expected to be paid by customers for particular market offering is classified as
target price
target cost
outsource price
off shore price
Q.12
Type of distribution, which consists of alternative outcomes and probabilities of events is classified as
event table
outcome table
decision table
probability table
Q.13
An effect of fixed cost to change in operating income is classified as
uncertain margin
certain margin
operating margin
operating leverage
Q.14
Degree which predetermines target or income achieved, can be grouped under
growth evaluation
performance evaluation
efficiency
effectiveness
Q.15
If budgeted input price is $50, price variance is $30 then an actual price will be
$100
$20
$80
$60
Q.16
An insensitivity of demand in relevance to change in price will be called
demand elasticity
price elasticity
price inelasticity
demand inelasticity
Q.17
Target operating income is multiplied to tax rate and then subtracted from target operating income to calculate
target net cost
target net income
target net gain
target net loss
Q.18
Quantity of input which is carefully determined is called
output unit
input unit
standard input
standard output
Q.19
If actual cost is $356000 and flexible budget cost is $255000, then flexible budget variance will be
$104,000
$103,000
$101,000
$102,000
Q.20
If actual input price is $150 and budgeted input price is $80, then price variance will be
$130
$70
$150
$80
Q.21
Standard input allows one unit, to be divided by standard cost per output unit for variable direct cost input, to calculate
standard price per input unit
standard price per output unit
standard cost per input unit
standard cost per output unit
Q.22
Variance is stated difference between expected performance and the
revenue planning
actual results
marketing results
cost planning
Q.23
Consideration of decreased operating income relative to budgeted amount in static budget is classified as
revenue variance
cost variance
favourable variance
unfavourable variance
Q.24
If flexible budget variance is $105000, actual cost is $65000 then flexible budget cost will be
$40,000
$50,000
$150,000
$170,000
Q.25
An actual input quantity is 200 units and budgeted input quantity is 50 units, then efficiency variance will be
275 units
250 units
150 units
650 units
Q.26
Costs that are incurred to find manufactured products, which does not meet specifications are called
prevention costs
external failure costs
appraisal costs
internal failure costs
Q.27
Reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are examples of
measures of growth and learning
measures of internal business processes
customer measures
financial measures
Q.28
Dysfunctional decision making is also known as
dysfunctional decision making
congruent decision making
incongruent decision making
both a and c
Q.29
Maximum freedom for managers and minimum constraints are main features of
total autonomy
total centralization
total decentralization
total congruency
Q.30
Degree to which freedom is given to lower level managers for decision making is classified as
decentralization
centralization
autonomy
congruency
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