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Management
Management Accounting
Quiz 4
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Q.1
Decisions regarding usage of material, kind and changes in plant processing are a part of
past management
future management
help management
cost management
Q.2
Function of management accountant, who works as business partner comes under category of
asset function
investment function
line function
staff function
Q.3
An approach in which managers use resources to increase customer value is classified as
help management
cost management
past management
future management
Q.4
Philosophy, in which management works to improve value chain of products, to exceed customer expectations is classified as
quality
management chain
customer chain
cost chain
Q.5
Quantitative expression of decided plan and coordination, for plan implementation is known as
cost format
decided plan
coordination plan
budget
Q.6
In management accounting, an emphasis and focus must be
future oriented
past oriented
communication oriented
bank oriented
Q.7
Time that a company takes to create and produce a new product is classified as
management factor
time factor
customer factor
chain factor
Q.8
Purpose of management accounting is to
past orientation
help banks make decisions
help managers make decisions
help investors make decision
Q.9
If tax operating income is $885000 per year and net initial investment is $35750000 then increase in average is
2.475% per year
4.475% per year
3.475% per year
2.475% per year
Q.10
Project's expected monetary loss or gain by discounting all cash outflows and inflows, using required rate of return is classified as
net present value
net future value
net discounted value
net recorded cash value
Q.11
Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as
differentiation scorecard
bargaining scorecard
leadership scorecard
balanced scorecard
Q.12
In value chain analysis, selling and promotion to prospective customers is classified as
researching
marketing
acquaintance
usefulness
Q.13
In cost benefit approach, type of costs include
cost of ongoing operations
investments in physical assets
training of managers
all of above
Q.14
Payback period is multiplied for constant increase in yearly future cash flows to calculate
cash value of money
net initial investment
net future value
time value of money
Q.15
Rate of return, which is made up of risk free and business risk element is known
nominal rate of return
accrual accounting rate of return
real rate of return
required rate of return
Q.16
An officer responsible for financial operations of organization is considered as
chief financial officer
chief manager
chief line function
chief staff function
Q.17
Cash management, investments, long and short term financing are included in
proprietorship
functional line
treasury
controllership
Q.18
In financial accounting, investors, banks, suppliers and government agencies are classified as
external parties
internal parties
environmental parties
transactional parties
Q.19
An approach is used to manage unused capacity is
reengineering
downsizing
upgrading
none of above
Q.20
An example of learning and growth perspective in balanced scorecard is
employee turnover rates
operating capabilities and number of patents
operating income and revenue growth
customer satisfaction and market share
Q.21
In an innovation process, operation process and post sales services are all sub processes of a perspective named
internal business process perspective
external business process perspective
leadership perspective
reengineering perspective
Q.22
If real rate is 16% and an inflation rate is 8%, then nominal rate of return will be
27.28%
25.28%
22.28%
21.28%
Q.23
Method, which calculates time to recoup initial investment of project in form of expected cash flows is known as
net value cash flow method
payback method
single cash flow method
lean cash flow method
Q.24
Vertically upward dimension of cost analysis is also called
project dimension
accounting-period dimension
back-flush accounting dimension
lean accounting dimension
Q.25
An accounting approach, in which expected benefits exceed expected cost is classified as
benefit approach
cost approach
cost-benefit approach
accounting approach
Q.26
If net initial investment is $6850000 and uniform increases yearly cash flows is $2050000, then payback period will be
3.34 years
4.34 years
5.34 years
6.34 years
Q.27
If actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be
$15,000
$13,000
$11,000
$9,000
Q.28
An example of customer perspective in balanced scorecard is
employee turnover rates
operating capabilities and number of patents
operating income and revenue growth
customer satisfaction and market share
Q.29
Considering two years 2013 and 2014, quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate
benchmark engineered productivity
benchmark total factor productivity
benchmark partial productivity
benchmark total productivity
Q.30
Quantity of produced output is divided with cost of all used inputs to calculate
engineered productivity
targeted productivity
partial productivity
total factor productivity
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