A. $120
B. $50
C. $110
D. $30
✅ The correct answer is option D.
Price variance = Actual input price – Budgeted input price
= $70 – $40 = $30.
Price variance = Actual input price – Budgeted input price
= $70 – $40 = $30.
Management MCQs
Target annual operating income is divided with invested capital to calculate
A. target rate of return on investment
B. operating income per unit
C. operating cost per unit
D. cost of goods sold
✅ The correct answer is option A.
Target annual operating income is divided with invested capital to calculate target rate of return on investment. A rate of return (RoR) is the net gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s initial cost.
Target annual operating income is divided with invested capital to calculate target rate of return on investment. A rate of return (RoR) is the net gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s initial cost.
The system is an orderly grouping of various components linked together to reach ______.
A. a profit state
B. a specific objective
C. managers objective
D. Target
✅ The correct answer is option B.
The system is an orderly grouping of various components linked together to reach a specific objective. The word System is derived from Greek word Systema, which means an organized relationship between any set of components to achieve some common cause or objective.
The system is an orderly grouping of various components linked together to reach a specific objective. The word System is derived from Greek word Systema, which means an organized relationship between any set of components to achieve some common cause or objective.
The ________ has no pre-established decision procedures.
A. Unstructured
B. Structured
C. Standard
D. Stable
✅ The correct answer is option A.
The Unstructured has no pre-established decision procedures. These decisions require judgement, evaluation and insight to solve the problem. Unstructured means “decision processes that have not been encountered in quite the same form and for which no predetermined and explicit set of ordered responses exists in the organization”.
The Unstructured has no pre-established decision procedures. These decisions require judgement, evaluation and insight to solve the problem. Unstructured means “decision processes that have not been encountered in quite the same form and for which no predetermined and explicit set of ordered responses exists in the organization”.
The leader acts as a liaison officer between the employees and the outside world is _________.
A. positive style
B. free-rein style
C. autocratic style
D. democratic style
✅ The correct answer is option B.
The leader acts as a liaison officer between the employees and the outside world is free-rein style. Free-rein leadership, also called Laissez-Faire, is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. Mangers set objectives and employees are free to do whatever is appropriate to accomplish those objectives.
The leader acts as a liaison officer between the employees and the outside world is free-rein style. Free-rein leadership, also called Laissez-Faire, is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. Mangers set objectives and employees are free to do whatever is appropriate to accomplish those objectives.
The flow of information through MIS is
A. need dependent
B. organization dependent
C. information dependent
D. management dependent
✅ The correct answer is option A.
The flow of information through MIS is need dependent. MIS is the use of information technology, people, and business processes to record, store and process data to produce information that decision makers can use to make day to day decisions. MIS is the acronym for Management Information Systems.
The flow of information through MIS is need dependent. MIS is the use of information technology, people, and business processes to record, store and process data to produce information that decision makers can use to make day to day decisions. MIS is the acronym for Management Information Systems.
HR Department maintains records
A. Employee
B. Sales
C. Production
D. Inventory
✅ The correct answer is option A.
HR Department maintains Employee records. One of the primary responsibilities of the HR department is to maintain employee records and regularly keep them updated. It is not just a good practice but it is also made mandatory by the law. These records help companies gather and analyze comprehensive information about their workforce at a micro as well as macro level.
HR Department maintains Employee records. One of the primary responsibilities of the HR department is to maintain employee records and regularly keep them updated. It is not just a good practice but it is also made mandatory by the law. These records help companies gather and analyze comprehensive information about their workforce at a micro as well as macro level.
A solution may be extracted from a model either by.
A. Conducting experiments on it
B. Mathematical analysis
C. Both A and B
D. Diversified Techniques
✅ The correct answer is option C.
A solution may be extracted from a model either by Conducting experiments on it and Mathematical analysis.
A solution may be extracted from a model either by Conducting experiments on it and Mathematical analysis.
Replacement of bearer bonds with registered bonds is because of lack of
A. security of indentures
B. security of unregistered bonds
C. security of bearer bonds
D. security of registered bonds
✅ The correct answer is option C.
Replacement of bearer bonds with registered bonds is because of lack of security of bearer bonds. Bearer bonds that are lost cannot be replaced as no records exist on the identity of the security owner.
Replacement of bearer bonds with registered bonds is because of lack of security of bearer bonds. Bearer bonds that are lost cannot be replaced as no records exist on the identity of the security owner.
The solution space (region) of an LP problem is unbounded due to.
A. An incorrect formulation of the LP model
B. Objective function is unbounded
C. Neither a nor b
D. Both a & b
✅ The correct answer is option C.
An infeasible problem is a problem that has no solution while an unbounded problem is one where the constraints do not restrict the objective function and the optimal objective goes to infinity. Both situations arise due to errors or shortcomings in the formulation or in the data defining the problem.
An infeasible problem is a problem that has no solution while an unbounded problem is one where the constraints do not restrict the objective function and the optimal objective goes to infinity. Both situations arise due to errors or shortcomings in the formulation or in the data defining the problem.