MCQOPTIONS
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MCQOPTIONS
This section includes 166 Mcqs, each offering curated multiple-choice questions to sharpen your Cost Accounting knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
Attempting to find a win-win solution that allows both parties goals to be completely achieved and seeking a conclusion that incorporates the valid insights of both parties is an example of which conflicthandling intention? |
| A. | collaborating |
| B. | accommodating |
| C. | avoiding |
| D. | competing |
| Answer» B. accommodating | |
| 102. |
A group of employees with expertise in a variety of specialty areas who are brought together to work on a project or specific activity is a: |
| A. | Cross functional team |
| B. | Self-managed team |
| C. | Virtual team |
| D. | Problem-solving team |
| Answer» B. Self-managed team | |
| 103. |
Allocating extrinsic rewards for behaviour that has been previously intrinsically rewarded tends to decrease the overall level of motivation, and is called: |
| A. | Reward Evaluation Theory |
| B. | Extrinsic Evaluation Theory |
| C. | Cognitive Evaluation Theory |
| D. | Intrinsic Evaluation Theory |
| Answer» D. Intrinsic Evaluation Theory | |
| 104. |
A manager who is helping a customer return some shoes they purchased last week is dealing with what type of decision? |
| A. | Non-programmed decision |
| B. | Uncertainty |
| C. | Bounded rationality |
| D. | Programmed decision |
| Answer» E. | |
| 105. |
An employee's experience in a situation or position outside his or her current organization is a referent comparison called: |
| A. | Other-inside |
| B. | Self-outside |
| C. | Self-inside |
| D. | Other-outside |
| Answer» C. Self-inside | |
| 106. |
An appropriate managerial behavior in a given situation that depends on a wide variety of elements, is called: |
| A. | Open system |
| B. | Contingency perspective |
| C. | Entropy |
| D. | Quantitative perspective |
| Answer» C. Entropy | |
| 107. |
It has been identified that there are 6 Pillars of Character that are important to adopting and ethical perspective in leadership development. Can you name four of the six? |
| A. | Trustworthiness, Respect, Responsibility, Fairness, Caring and Citizenship |
| B. | Ruthlessness, Drive, Determination, Toughness, Supportive, Action orientated |
| C. | Supportive, intelligent, insightful, good communicator, toughness, Fair |
| D. | Caring, softness, intelligent, decisive, team player, communicator |
| Answer» B. Ruthlessness, Drive, Determination, Toughness, Supportive, Action orientated | |
| 108. |
Increasing the number of periods in a moving average will accomplish greater smoothing, but at the expense of . |
| A. | manager understanding |
| B. | accuracy |
| C. | stability |
| D. | responsiveness to changes |
| Answer» E. | |
| 109. |
is the dynamic organization within the individual that determine his unique adjustment to the environment |
| A. | Perception |
| B. | Attitude |
| C. | Behavior |
| D. | Personality |
| Answer» E. | |
| 110. |
When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used? |
| A. | Environmental planning |
| B. | Economic planning |
| C. | Informal planning |
| D. | Formal planning |
| Answer» D. Formal planning | |
| 111. |
A solution to a problem that is arrived at through an unstructured process of decision making is called a .. |
| A. | Bounded rationality |
| B. | Non-programmed decision |
| C. | Programmed decision |
| D. | Uncertainty |
| Answer» D. Uncertainty | |
| 112. |
Given a reserve ratio of 20% in initial deposit of `1000 in a banking system would create secondary deposit of ` .. |
| A. | `3,000 |
| B. | `5,000 |
| C. | `4,000 |
| D. | `6,000 |
| Answer» D. `6,000 | |
| 113. |
If the average human being prefers to be directed, wishes to avoid responsibility, has relatively little ambition and wants security above all, the management attitude would be: |
| A. | Theory Y manager |
| B. | Theory X manager |
| C. | Theory Z manager |
| D. | All of the given options |
| Answer» C. Theory Z manager | |
| 114. |
A continually evolving network of independent companies, suppliers, customers, even competitors, linked together to share skills, costs, and access to one another s markets is called a/an . |
| A. | Virtual organization |
| B. | Boundaryless organization |
| C. | Modular organization |
| D. | Integrated organization |
| Answer» B. Boundaryless organization | |
| 115. |
Which of the following steps in the planning process should be completed before the others can be addressed? |
| A. | Putting plans into action |
| B. | Stating organizational objectives |
| C. | Listing alternative ways of reaching objectives |
| D. | Developing premises on which to base each alternative |
| Answer» C. Listing alternative ways of reaching objectives | |
| 116. |
Changes in behavior as a result of observation and manipulation of conditions in an environment are termed . |
| A. | The Hawthorne effect |
| B. | Group dynamic |
| C. | Social influence |
| D. | Sociometry |
| Answer» B. Group dynamic | |
| 117. |
__________ is a communication that flows from a higher level to one or more lower levels in the organization. |
| A. | Horizontal communication |
| B. | Upward communication |
| C. | Downward communication |
| D. | None of given options |
| Answer» E. | |
| 118. |
With respect to factors that affect reorganization, when a single change triggers off a sequence of related changes, it is called the |
| A. | Halo effect |
| B. | Hawthorne effect |
| C. | Domino effect |
| D. | Sensitivity effect |
| Answer» D. Sensitivity effect | |
| 119. |
What is the process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment? |
| A. | Interpretation |
| B. | environmental analysis |
| C. | Outlook |
| D. | Perception |
| Answer» E. | |
| 120. |
According to the text, why should more attention be given to training in listening to oral communication? |
| A. | Responsibility for effective communication is usually assigned to the sender |
| B. | Evaluating the speaker seems easier than evaluating the audience |
| C. | Presentation Is thought of as a one way process |
| D. | All of the above |
| Answer» E. | |
| 121. |
A threatened strike action by a labour union to force the management to accept their demands is an example of which of the following power? |
| A. | Referent power |
| B. | legitimate power |
| C. | Reward power |
| D. | Coercive power |
| Answer» E. | |
| 122. |
Which of Carnall's (2003) four core managerial components essential for the effective management of change involves team building? |
| A. | Decision making |
| B. | Coalition building |
| C. | Achieving action |
| D. | Maintaining momentum |
| Answer» E. | |
| 123. |
A technique to bring changes in the entire organization, rather man focusing attention on individuals to bring changes easily. |
| A. | Organizational development |
| B. | Organizational change |
| C. | Organizational culture |
| D. | Organizational conflicts |
| Answer» B. Organizational change | |
| 124. |
What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements? |
| A. | Line authority |
| B. | Matrix |
| C. | Functional |
| D. | Line-and-staff |
| Answer» C. Functional | |
| 125. |
A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this? |
| A. | Geography Departmentalization |
| B. | Process Departmentalization |
| C. | Matrix/Project Departmentalization |
| D. | Function Departmentalization |
| Answer» C. Matrix/Project Departmentalization | |
| 126. |
Sun Petroleum Products departmentalizes by fuels, lubricants, and waxes and chemicals. This is an example of departmentalization by .. |
| A. | Product |
| B. | Functions |
| C. | Job design |
| D. | Customer |
| Answer» B. Functions | |
| 127. |
The following four different approaches to management thinking were developed in the first half of the 20th century: |
| A. | Scientific management, general administrative, quantitative, and contingency approach. |
| B. | Scientific management, general administrative, quantitative, and organizational behavior. |
| C. | General administrative, globalization, organizational behavior, and quantitative. |
| D. | Systems approach, scientific management, general administrative, and organizational behaviour. |
| Answer» C. General administrative, globalization, organizational behavior, and quantitative. | |
| 128. |
A willingness to accept a raise of $2 an hour rather than $3, to acknowledge partial agreement with a specific viewpoint, and to take a partial blame for an infraction are examples of: |
| A. | avoiding. |
| B. | collaborating. |
| C. | accommodating. |
| D. | compromising. |
| Answer» E. | |
| 129. |
When determining the most appropriate form of leadership, which of the following should be considered? |
| A. | The manager |
| B. | The group |
| C. | The work environment |
| D. | All the above |
| Answer» E. | |
| 130. |
Walter Shewhart is listed among the important people of operations management because of his contributions to |
| A. | assembly line production |
| B. | measuring the productivity in the service sector |
| C. | statistical quality control |
| D. | all of the above |
| Answer» D. all of the above | |
| 131. |
If companies value teamwork, then promotions, pay raises, and other forms of recognition should be given to individuals for how effectively the work as: |
| A. | individuals |
| B. | team members |
| C. | group members |
| D. | leaders |
| Answer» C. group members | |
| 132. |
Trying to make someone else accept blame for a problem is an example of which conflict-handling orientation? |
| A. | competing |
| B. | avoiding |
| C. | accommodating |
| D. | compromising |
| Answer» B. avoiding | |
| 133. |
Which of the following uses three types of participants: decision makers, staff personnel, and respondents? |
| A. | executive opinions |
| B. | sales force composites |
| C. | the Delphi method |
| D. | time series analysis |
| Answer» D. time series analysis | |
| 134. |
There are two dimensions to conflict-handling intentions, cooperativeness, and assertiveness. Cooperativeness is the degree to which: |
| A. | one party attempts to satisfy the other party s concerns. |
| B. | one party attempts to satisfy his or her own concerns. |
| C. | both parties work toward a common goal. |
| D. | there is an absence of conflict. |
| Answer» B. one party attempts to satisfy his or her own concerns. | |
| 135. |
Role _________________ is a conflict between the role an individual has outside the group and the role he or she is expected to have in the group. |
| A. | Collision |
| B. | Transition |
| C. | Confusion |
| D. | Incompatibility |
| Answer» B. Transition | |
| 136. |
Which of the following is best described as doing something differently and has been described as discontinuous or complementary change? |
| A. | Entrepreneurship |
| B. | Innovation |
| C. | Variance |
| D. | Enterprise |
| Answer» C. Variance | |
| 137. |
Work groups of employees and supervisors that meet regularly to discuss their quality problems and recommend solutions is a form of participative management called: |
| A. | Goal-oriented teams. |
| B. | Quality circles. |
| C. | Department teams. |
| D. | cooperative groups |
| Answer» C. Department teams. | |
| 138. |
Assume Samantha likes hot dogs and hamburgers equally, and the price of hamburgers (a normal good) declines. She will most likely purchase more hamburgers; this is |
| A. | a reflection of the income effect |
| B. | a reflection the substitution effect |
| C. | a reflection of the income and substitution effects |
| D. | None of above |
| Answer» C. a reflection of the income and substitution effects | |
| 139. |
While business firms have traditionally been organized around ________, athletic groups have long recognized the importance of ________. |
| A. | work groups; individuals |
| B. | management; individuals |
| C. | groups; teamwork |
| D. | individuals; teamwork |
| Answer» E. | |
| 140. |
You decide to do more research on the view that conflict should be encouraged as a means to achieve change and innovation. This view is termed: |
| A. | the traditional view. |
| B. | the human relations view. |
| C. | the interactionist view. |
| D. | the acceptance view. |
| Answer» D. the acceptance view. | |
| 141. |
A/An ________ is a formal evaluation of an organization's financial statements, performed either by an outside accounting firm or by an internal department. |
| A. | Revenue operating budget |
| B. | Incident log |
| C. | Financial audit |
| D. | Balance sheet budget |
| Answer» D. Balance sheet budget | |
| 142. |
According to Robert Katz, when managers have the mental ability to analyze and diagnose complex situations, they possess _____________ skills. |
| A. | Technical |
| B. | Leadership |
| C. | Problem-solving |
| D. | Conceptual |
| Answer» E. | |
| 143. |
Within an organisation, leadership influence will be dependent upon the type of ________ that the leader can exercise over the followers. |
| A. | Power |
| B. | friendship |
| C. | knowledge |
| D. | delegation |
| Answer» B. friendship | |
| 144. |
____________ refers to the network of personal and social relations that is developed spontaneously between people associated with each other. |
| A. | Formal organization |
| B. | Informal organization |
| C. | Business organization |
| D. | Government organization |
| Answer» C. Business organization | |
| 145. |
Berg and Chyung use an analogy to distinguish formal and informal learning. In this analogy, formal learning is represented as a journey by bus, whereas informal learning is characterized as what? |
| A. | Like flying an aeroplane |
| B. | Like riding a bicycle |
| C. | Like driving a car |
| D. | Like being on a train |
| Answer» C. Like driving a car | |
| 146. |
Which structure breaks down departmental barriers and decentralizes decision-making to the level of the work team? |
| A. | Boudaryless |
| B. | Feminine |
| C. | Team |
| D. | Virtual |
| Answer» D. Virtual | |
| 147. |
Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand? |
| A. | associative models |
| B. | exponential smoothing |
| C. | weighted moving average |
| D. | time series |
| Answer» B. exponential smoothing | |
| 148. |
To determine whether one's leadership style is task- or relationship-oriented, the leader must fill in the Least Coworker Participation (LCP) scale. |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» C. none | |
| 149. |
If the question No. 286 despite reduction in price to `9.9 the demand for the product remains at 25 units we can say that the demand for the product is |
| A. | Elastic |
| B. | Less elastic |
| C. | Perfectly inelastic |
| D. | Unity elastic |
| Answer» D. Unity elastic | |
| 150. |
What will happen to the equilibrium price and quantity of peanut butter if peanuts increase in price and the price of jelly decreases? |
| A. | the equilibrium price and quantity increase |
| B. | the equilibrium price will fall and the equilibrium quantity will be indeterminate |
| C. | the equilibrium price will rise and the equilibrium quantity will be indeterminate |
| D. | None of above |
| Answer» D. None of above | |