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 →
Under double-entry bookkeeping, what is the impact of recording a payment of cash to settle an outstanding accounts payable liability?
ADebit Cash, Credit Accounts Payable
BDebit Accounts Payable, Credit Cash
CDebit Expense, Credit Cash
DDebit Cash, Credit Revenue
Which capital budgeting decision technique evaluates projects by dividing average annual accounting profit by average investment cost?
AInternal Rate of Return
BNet Present Value
CAccounting Rate of Return (ARR)
DProfitability Index
What term describes an economic market condition where short-term debt instruments carry higher yields than long-term debt securities of equal quality?
ANormal Yield Curve
BInverted Yield Curve
CFlat Yield Curve
DHumped Yield Curve
Which accounting principle asserts that revenue should be recognized only when realization occurs or is reasonably certain to occur?
ARealization Principle
BHistorical Cost Principle
CConsistency Principle
DMateriality Concept
What inventory valuation method assumes that the most recently purchased inventory items are sold first?
AFIFO Method
BLIFO Method
CWeighted Average Method
DSpecific Identification
Which financial ratio evaluates how many days of sales are locked up in outstanding accounts receivable?
AInventory Turnover Ratio
BDays Sales Outstanding (DSO)
CAsset Turnover Ratio
DAccounts Payable Turnover
What capital structure theory suggests that firms prioritize internal over external capital to avoid sending negative market signals?
ATrade-Off Theory
BPecking Order Theory
CModigliani-Miller Theorem
DAgency Theory
Which cost accounting classification describes costs that combine both fixed and variable cost components?
ADirect Costs
BSemi-Variable (Mixed) Costs
CPeriod Costs
DSunk Costs
In cost accounting, what term defines a specific cost that changes in direct proportion to changes in production output volume?
AFixed Cost
BVariable Cost
CSemi-Fixed Cost
DStep Cost
What corporate decision metric evaluates the number of years required for discounted cash inflows to fully recover initial capital investment?
ASimple Payback Period
BDiscounted Payback Period
CInternal Rate of Return
DNet Present Value