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 →
In cost accounting, costs that remain constant in total amount over a relevant range of activity are known as:
ASemi-Variable Costs
BFixed Costs
CSunk Costs
DVariable Costs
Which dividend policy theory, proposed by Miller and Modigliani, argues that dividend policy has no impact on stock price or cost of capital?
ATax Preference Theory
BBird-in-the-Hand Theory
CPecking Order Theory
DDividend Irrelevance Theory
Which financial statement provides a snapshot of a company’s financial position at a specific point in time?
ABalance Sheet (Statement of Financial Position)
BIncome Statement
CStatement of Cash Flows
DStatement of Retained Earnings
Under IFRS 15, how many steps are established in the framework for recognizing revenue from contracts with customers?
A3 Steps
B5 Steps
C4 Steps
D7 Steps
What is the variance when actual direct labor hours worked exceed standard direct labor hours allowed for production?
AUnfavorable Labor Rate Variance
BFavorable Labor Efficiency Variance
CFavorable Labor Rate Variance
DUnfavorable Labor Efficiency Variance
Which capital budgeting evaluation technique uses accounting net income instead of cash flows to calculate project returns?
AInternal Rate of Return (IRR)
BAccounting Rate of Return (ARR)
CProfitability Index (PI)
DNet Present Value (NPV)
What is the term for a formal legal agreement between a bond issuer and bondholders detailing coupon terms, maturity, and covenants?
ATerm Sheet
BDebenture
CBond Indenture
DProspectus
Which internal financial performance metric measures economic value created above total cost of capital invested?
AEconomic Value Added (EVA)
BNet Income
CEBITDA
DGross Profit
Which financial accounting statement is prepared on a strict cash basis rather than an accrual basis?
AStatement of Cash Flows
BStatement of Changes in Equity
CBalance Sheet
DIncome Statement
Under IAS 7, which cash flow section includes cash received from issuing corporate common shares?
AInvesting Activities
BFinancing Activities
COperating Activities
DCapital Reserve Activities