-
1. Accurate Data For Input Values Are Essential?
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yes.
-
2. A Factor Is Des Eloped To Suit The Problem?
No.
-
3. Key Decision And Objective Of The Problem Must Be Identified?
Yes.
-
4. The Methodology Helps Us In Studying The Scientific Method?
Yes.
-
5. Model Docs Not Facilitates Manager To Take Decisions?
No.
-
6. Once The _________ In Tested And Validated. It Is Ready For Implementation?
model.
-
7. Quantitative Factors Are Considered In _________?
decision-making.
-
8. Managerial Science Had _________ The Organization?
facilitate.
-
9. Managerial Criticism Had Become _________?
complex.
-
10. Fred Rich V. Taylor Developed The _________management Principle?
scientific.
-
11. Which Of The Groups Of Workers Would Be Classified Under Indirect Labor?
Maintenance workers in a shoe and bag factory.
-
12. In The Short-term Decision-making Context, Which One Would Be A Relevant Cost?
Cost of specific materials which will be purchased.
-
13. Which Of The Costs Stated May Be Described As Remaining Constant
Over A Certain Activity Range And Then Increasing But Remaining Constant
Again Over A Revised Activity Range In The Short Term?stepped cost.
-
14. Which Is Used To Establish The Economic Batch Quantity?
Cumulative production quantity.
-
15. Which Is/are Correct With Regard To Stocks?
Stock-outs arise when too little stock is held and Safety stock is the level of units maintained in case there is unexpected demand.
-
16. Which Would Help To Explain A Favorable Direct Labour Efficiency Variance?
Employees were of a higher skill level than specified in the standard, Suggestions for improved working methods were implemented
and Better quality materials were easier to process. -
17. Information On Standard Rates Of Pay Would Be Provided By
a Human Resource Manager.
-
18. Which Statements About Profit-volume Graphs Is Or Are Correct?
Any point on the profit-volume line above the x-axis indicates the profit (as measured on the vertical axis) at that level of activity and The profit-volume line crosses the x-axis at the break-even point
-
19. Which Is Or Are Likely To Use Service Costing?
University and Five Star Hotel
-
20. Which Costing Methods Is Most Likely To Be Used By A Company Involved In The Production Of Beverages?
Process Costing.
-
21. Absorption Costing Is Concerned With?
variable and fixed costs.
-
22. Which Are The Accounting Entries For The Return Of Unused Direct Materials From Production?
Stores Control account in debit and Work-in-progress account in credit.
-
23. If The Probability Of An Event A Occurring Is 0.7, Which Is Not Correct?
Event A will certainly occur.
-
24. The Matrix Inversion Method Of Solving A System Of Linear Equations Is
Not Applicable, If The Matrix Of Coefficientsis a singular matrix.
-
25. Equipment Components Need To Be Replaced Because?
they are old and they wear out.
-
26. The Set Of Some First Generation Banks Is Given As {uba, Fbn, Ubn, Wema}.
Find The Cardinality Of All Possible Subsets?16.
-
27. The Inequalities In A Minimization Problem Must Be?
greater than or equal to.
-
28. The Main Purpose Of Allocating Goods From One Destination To Another Is To?
minimize cost.
-
29. The Total Salary Of Workers Of Tol Enterprise In 2007 Is N17.4 X 106 While It Is
N13.2 X 106 In 2004. Calculate The Percentage Average Index In 2007 Using
2004 As Base Year?131.81
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