Management Accounting MCQ Questions and Solutions with Explanations | Management

Answer: Option C

An exertion for achieving a set goal is known as effort. The term effort refers to the specific and quantifiable count and/or measure of definable labor units that it is deemed are to be required in the attempts to arrive at completion of a phase (or of the entirety) of a particular schedule activity and/or work breakdown structure component, a distinct control account, or the project as a whole.

Answer: Option B

Minimum transfer price = Opportunity cost per barrel + incremental cost per barrel
= $45 + $65
= $110.

Answer: Option A

A desire to achieve a particular goal with pursuit of that goal is called motivation. Motivation in management is the process through which managers encourage employees to be productive and effective.

Answer: Option A

Decision making methods, used for subunits of company are highly interdependent on each other is called incongruent decision making.

Answer: Option A

Method of pricing, when two separate pricing methods are used to price transfer of products from one subunit to another, is called dual pricing. Dual pricing is a situation in which the same product or service is sold at different prices in different markets.