Management Sciences
Management Sciences MCQs With Answers
0 Management Sciences MCQs for CSS, PPSC, FPSC, NTS and entry-test preparation. Take a scored quiz instead →
What type of audit procedure is performed by auditors to test transaction details and account balances for monetary misstatements?
AControl Tests
BSubstantive Procedures
CRisk Assessment
DAnalytical Review
In bank reconciliation statements, unpresented cheques issued by a business to suppliers but not yet processed by the bank should be:
AAdded to cash book balance
BDeducted from cash book balance
CAdded to bank balance as per bank statement
DDeducted from bank balance as per bank statement
Which term defines the maximum theoretical capital structure ratio of debt and equity that minimizes a firm’s Weighted Average Cost of Capital (WACC)?
ATarget Leverage
BOptimal Capital Structure
CPecking Order Point
DEquilibrium Capital Base
What operational system minimizes inventory storage costs by receiving materials from suppliers exactly when needed in production?
AMaterial Requirements Planning (MRP)
BJust-In-Time (JIT) System
CEconomic Order Quantity (EOQ)
DPeriodic Inventory System
Which term describes the residual ownership interest in company assets remaining after deducting all total liabilities?
ARetained Earnings
BEquity (Owner's Equity)
CWorking Capital
DNet Profit
What financial ratio measures a firm’s capacity to cover annual debt interest payments using its operating profit (EBIT)?
ADebt-to-Equity Ratio
BTimes Interest Earned (Interest Coverage)
CDebt Ratio
DFixed Charge Coverage
Which cost accounting variance measures the difference between standard direct labor hours allowed for actual output and actual labor hours worked?
ALabor Rate Variance
BLabor Efficiency Variance
CLabor Idle Time Variance
DOverhead Spending Variance
What term describes a short-term bank credit facility permitting account holders to withdraw money beyond their actual available account balance up to an agreed limit?
ATerm Loan
BBank Overdraft
CLetter of Credit
DFactoring
What inventory valuation method assumes that the oldest units purchased are the first ones sold, resulting in higher net income during inflationary periods?
ALIFO (Last-In, First-Out)
BFIFO (First-In, First-Out)
CWeighted Average Cost
DSpecific Identification
What calculation measures total annual net profit earned per individual share of common stock outstanding?
ADividend Yield
BEarnings Per Share (EPS)
CPrice-to-Earnings Ratio
DBook Value Per Share