ExamVeda
Login
Home

Management Accounting MCQ Questions and Solutions with Explanations | Management

Management Accounting MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-10 section-1

Each section contains 100 MCQs on Management Accounting .
91
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
Discuss
Answer & Solution
Answer: Option B
Solution:
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 total factor productivity.
92
Quantity of produced output is divided by quantity of used input to calculate
Discuss
Answer & Solution
Answer: Option C
Solution:
Quantity of produced output is divided by quantity of used input to calculate partial productivity. Partial productivity refers to the measurement solutions which do not meet the requirements of total productivity measurement, yet, being practicable as indicators of total productivity. In practice, measurement in production means measures of partial productivity.
93
Considering balanced scorecard, perspective in which performance of organization includes is
Discuss
Answer & Solution
Answer: Option D
Solution:
Considering balanced scorecard, perspective in which performance of organization includes is financial perspective, learning and growth perspective and customer perspective.
94
In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as
Discuss
Answer & Solution
Answer: Option C
Solution:
In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as price recovery component. The price-recovery component measures change in output price compared with changes in input prices.
95
In strategy formulation, forces that must be focused for industry analysis include
Discuss
Answer & Solution
Answer: Option D
Solution:
In strategy formulation, forces that must be focused for industry analysis include potential entrants in market, customer's bargaining power and supplier's bargaining power.
96
An example of customer perspective in balanced scorecard is
Discuss
Answer & Solution
Answer: Option D
Solution:
An example of customer perspective in balanced scorecard is customer satisfaction and market share. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes.
97
Considering two fiscal years 2013 and 2014, if selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be
Discuss
Answer & Solution
Answer: Option C
Solution:
Revenue effect of price recovery = ($60 - $55) × 25000
= $125,000.
98
Way an organization matches its capabilities with available opportunities to accomplish its goals is called
Discuss
Answer & Solution
Answer: Option C
Solution:
Way an organization matches its capabilities with available opportunities to accomplish its goals is called strategy. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”.
99
Which of following is an example of internal business perspective in balanced scorecard?
Discuss
Answer & Solution
Answer: Option B
Solution:
Operating capabilities and number of patents is an example of internal business perspective in balanced scorecard. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations.
100
Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as
Discuss
Answer & Solution
Answer: Option B
Solution:
Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as financial perspective. The Financial perspective Essentially, any key objective that is related to the company's financial health and performance may be included in this perspective. Revenue and profit are obvious objectives that most organisations list in this perspective.