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.
| 151. |
_______________ is a characteristic of high performance teams where members believe in the integrity, character, and ability of each other |
| A. | Trust |
| B. | Openness |
| C. | Loyalty |
| D. | Worthiness |
| Answer» B. Openness | |
| 152. |
Research in the styles of leadership preferred by different generations was completed by Arsenault (2004). What was the style of leadership that Generation X was found to prefer? |
| A. | Directive |
| B. | Authoritarian |
| C. | Participative |
| D. | Egalitarian |
| Answer» E. | |
| 153. |
Which of the following function does money serve when used to purchase or sell different goods and services? |
| A. | Store of value |
| B. | Medium of exchange |
| C. | Standard of value |
| D. | Display of power |
| Answer» C. Standard of value | |
| 154. |
The demand function of a product x is as dx = 12-2Px, where Px stand for price. The quantity demanded corresponding to price of `2 will be . |
| A. | 8 |
| B. | 6 |
| C. | 5 |
| D. | 10 |
| Answer» B. 6 | |
| 155. |
If the price elasticity of demand for wine is estimated to be -.6, then a 20% increase in price of wine will lead to .in quantity demanded of wine at that price |
| A. | 12% increase |
| B. | 12% decrease |
| C. | 19.6% increase |
| D. | 20.6% decrease |
| Answer» C. 19.6% increase | |
| 156. |
When designing reward systems for teams, it is best to encourage cooperative efforts rather than ____________ ones. |
| A. | Collectivist |
| B. | competitive |
| C. | cooperative |
| D. | individualistic |
| Answer» C. cooperative | |
| 157. |
The quantity of a commodity that an individual is willing to purchase over a specified period of time is a function of except . |
| A. | Price of the commodity |
| B. | Price of the competitive products |
| C. | His disposal income |
| D. | Price of factor of production |
| Answer» E. | |
| 158. |
An individual's perception of whether performing at a particular level will lead to attainment of a desired outcome is termed: |
| A. | Relevance |
| B. | Expectancy |
| C. | Expectation |
| D. | Instrumentality |
| Answer» E. | |
| 159. |
If Coca-Cola wished to examine its general environment before constructing its business strategy, the company would explore all of the following environments except |
| A. | Sociocultural |
| B. | Knowledge |
| C. | Global |
| D. | Economic |
| Answer» C. Global | |
| 160. |
Which of the following is one of the six key elements a manager needs to consider when designing an organization s structure? |
| A. | Job design |
| B. | Work specialization |
| C. | Feminine organization |
| D. | Eliminating chain of command |
| Answer» C. Feminine organization | |
| 161. |
A read garment factory pays `100 for suit length and `5 for cotton thread purchased and `50 to the labour for stitching the suit which he sells in the market for `750. His contribution to GDP is |
| A. | `595 |
| B. | `750 |
| C. | `600 |
| D. | `400 |
| Answer» C. `600 | |
| 162. |
Today s managers understand that the success of any effort at improving quality and productivity must include _____. |
| A. | Quality management programs |
| B. | Customer service improvements |
| C. | Employee's participation |
| D. | Manufacturing simplification |
| Answer» D. Manufacturing simplification | |
| 163. |
If the disposal income of a household increases by 10% and the demand for bread falls by 5%. The income elasticity of bread is |
| A. | 0.5 |
| B. | -0.5 |
| C. | 1.0 |
| D. | -1.0 |
| Answer» C. 1.0 | |
| 164. |
Who studied the nature of specific jobs, and broke the tasks into basic work units with the end result providing the one right way to perform the job? |
| A. | Douglas M. McGregor |
| B. | Frederick W. Taylor |
| C. | Henry L. Gantt |
| D. | Henry L. Gantt |
| Answer» C. Henry L. Gantt | |
| 165. |
The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as: |
| A. | Social responsiveness |
| B. | Ethical responsibility |
| C. | Social responsibility |
| D. | Social obligation |
| Answer» D. Social obligation | |
| 166. |
In addition to three Central problem of economy, the additional problem(s) raised by the Modern economists is / are |
| A. | Are the resources fully utilized or not |
| B. | How efficient is the production and distribution system |
| C. | Whether the capacity to produce or grow is increasing or is static |
| D. | All the three |
| Answer» E. | |