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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-6 section-1

Each section contains 100 MCQs on Management Accounting .
51
Sum of manufacturing and waiting time for an order is classified as
Discuss
Answer & Solution
Answer: Option B
Solution:
Sum of manufacturing and waiting time for an order is classified as manufacturing cycle time. Manufacturing cycle time refers to the time required or spent to convert raw materials into finished goods. It is also known as throughput time. Technically, it is the length of time from the start of production to the delivery of the final products.
52
A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottle neck operations is
Discuss
Answer & Solution
Answer: Option B
Solution:
A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottle neck operations is theory of constraints. The Theory of Constraints is a methodology for identifying the most important limiting factor (i.e. constraint) that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor.
53
A process by which employees can make decisions is divided by total number of processes to calculate
Discuss
Answer & Solution
Answer: Option B
Solution:
A process by which employees can make decisions is divided by total number of processes to calculate employee empowerment ratio. Employee empowerment is a strategy and philosophy that enables employees to make decisions about their jobs. Employee empowerment helps employees own their work and take responsibility for their results, serve customers at the level of the organization where the customer interface exists.
54
Statistical quality control is also called
Discuss
Answer & Solution
Answer: Option A
Solution:
Statistical quality control is also called statistical process control. Statistical process control (SPC) is a method of quality control which employs statistical methods to monitor and control a process.
55
A product performance in comparison to its features and design is classified as
Discuss
Answer & Solution
Answer: Option C
Solution:
A product performance in comparison to its features and design is classified as conformance quality. Quality of conformance is the ability of a product, service, or process to meet its design specifications. Design specifications are an interpretation of what the customer needs.
56
Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as
Discuss
Answer & Solution
Answer: Option B
Solution:
Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as investments. An investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
57
Consumed time to deliver a complete order to its customers is termed as
Discuss
Answer & Solution
Answer: Option C
Solution:
Consumed time to deliver a complete order to its customers is termed as delivery time.
58
Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate
Discuss
Answer & Solution
Answer: Option A
Solution:
Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate employee satisfaction. "Employee satisfaction" is the term used to describe whether employees are happy and fulfilling their desires and needs at work.
59
If number of processes, in which employees who can make decisions are 20 and number of processes are 50, then employee empowerment ratio will be
Discuss
Answer & Solution
Answer: Option B
Solution:
Employee empowerment ratio = Employees who can make decisions ÷ Number of processes
= 20 ÷ 50
= 0.4.
60
Time between a customer's order placement till customer receives its delivery is known as
Discuss
Answer & Solution
Answer: Option C
Solution:
Time between a customer's order placement till customer receives its delivery is known as customer response time. It is the time between when a customer makes an inquiry about a product or commits to a purchase a good or service and when it is actually received by said customer.