MCQOPTIONS
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MCQOPTIONS
This section includes 2331 Mcqs, each offering curated multiple-choice questions to sharpen your UGC-NET knowledge and support exam preparation. Choose a topic below to get started.
| 2001. |
A corporate VMS has the advantage of controlling the entire distributionchain under………… |
| A. | single ownership |
| B. | a profit-maximizing strategic plan |
| C. | a few intermediaries |
| D. | mass distribution |
| Answer» B. a profit-maximizing strategic plan | |
| 2002. |
Historically, conventional channels have lacked the leadership to………. |
| A. | assign channel member roles and attain efficiency |
| B. | attain efficiency and assign member roles |
| C. | set standard pricing and promotions |
| D. | assign member roles and manage conflict |
| Answer» E. | |
| 2003. |
A Channel consisting of one or more independent producers, wholesalers or retailers that are seeking to maximize their own profits even at the expense ofprofits for the channel as a whole is a…………… |
| A. | vertical distribution structure |
| B. | vertical marketing system |
| C. | conventional distribution channel |
| D. | independent channel allocation |
| Answer» D. independent channel allocation | |
| 2004. |
An advantage of a channel of distribution over selling direct to consumers isthat each channel member plays a ………….in the channel. |
| A. | disciplinary role |
| B. | decisional role |
| C. | specialized role |
| D. | time –saving part |
| Answer» D. time –saving part | |
| 2005. |
In marketing terms, we say that the number of intermediary levels indicatesthe …………of a channel. |
| A. | complexity |
| B. | length |
| C. | involvement |
| D. | width |
| Answer» C. involvement | |
| 2006. |
Which of the following is not a key function that intermediaries play incompleting transactions? |
| A. | negotiation |
| B. | information |
| C. | negotiation |
| D. | financing |
| Answer» E. | |
| 2007. |
Intermediaries play an important role in matching . |
| A. | supply and demand |
| B. | product to region |
| C. | information and promotion |
| D. | manufacturer to product |
| Answer» B. product to region | |
| 2008. |
From the economic system’spoint of view ,the role of marketing intermediariesis to transform the assortment of products made by producers in to the assortment of products wanted by……………. |
| A. | consumers |
| B. | distributors. |
| C. | marketers |
| D. | manufacturers |
| Answer» B. distributors. | |
| 2009. |
A company's channel decisions directly affect every ………… |
| A. | competitor's actions |
| B. | marketing decision |
| C. | channel member |
| D. | employee in the channel |
| Answer» C. channel member | |
| 2010. |
When suppliers, distributors, and customers partner with each other toimprove performance of the entire system, they are participating in a………….. |
| A. | supply and demand chain |
| B. | supply chain |
| C. | channel of distribution |
| D. | value delivery network |
| Answer» E. | |
| 2011. |
Which of the following is not a typical supply chain member? |
| A. | reseller |
| B. | wholesaler |
| C. | retailer's creditor |
| D. | producer |
| Answer» E. | |
| 2012. |
Which of the following is / are the method of establishing ‘target cost’? |
| A. | Addition method |
| B. | Subtraction method |
| C. | Integration method |
| D. | All of these |
| Answer» E. | |
| 2013. |
Who is most likely to be held responsible for a material price variance? |
| A. | Line workers |
| B. | Production supervisors |
| C. | Purchasing managers |
| D. | Production schedulers |
| Answer» D. Production schedulers | |
| 2014. |
For a library the best method of costing suitable is----------- |
| A. | Output costing |
| B. | Operating costing |
| C. | Process costing |
| D. | Multiple costing |
| Answer» C. Process costing | |
| 2015. |
Calendar variance is the sub variance of --------------- |
| A. | Labour variances |
| B. | Sales variances |
| C. | Fixed Overhead variances |
| D. | Variable Overhead variances |
| Answer» D. Variable Overhead variances | |
| 2016. |
What term is used to describe the level of efficiency achieved that appropriately trained, motivated and resourced employees can achieve in the long-run? |
| A. | Standard performance |
| B. | Standard hours |
| C. | Standard ex ante |
| D. | Standard ex post |
| Answer» C. Standard ex ante | |
| 2017. |
What is an alternative term for expected value? |
| A. | Estimated profit |
| B. | Forecasted profit |
| C. | Eventual outcome |
| D. | Weighted average |
| Answer» E. | |
| 2018. |
What term best describes the use of both financial and non-financial measures in assessingwhether an entity has achieved its objectives? |
| A. | balanced scorecard |
| B. | Benchmarking |
| C. | performance measurement |
| D. | target setting |
| Answer» D. target setting | |
| 2019. |
------------ is the item of product. Job, process or customer for which cost are to be determined. |
| A. | Cost Driver |
| B. | Cost object |
| C. | Cost pool |
| D. | Cost concept |
| Answer» C. Cost pool | |
| 2020. |
“Kanban’ system is similar to ---------- philosophy |
| A. | Kaizen |
| B. | Cost driver |
| C. | Just in Time |
| D. | None of these |
| Answer» D. None of these | |
| 2021. |
When output in relation to the input is expressed mathematically it is called as---------- |
| A. | Outcome index |
| B. | Efficiency index |
| C. | Productivity index |
| D. | All the above. |
| Answer» D. All the above. | |
| 2022. |
The monetary value attributed to normal losses in a process should be: |
| A. | A share of the process cost according to the stage of completion of the losses. |
| B. | A nil value with no other monetary adjustment under any circumstances. |
| C. | A full share of process cost on the same as good output. |
| D. | A nil share of process costs which have been reduced by the scrap value of the normal loss. |
| Answer» E. | |
| 2023. |
The type of spoilage that should not affect the cost of inventories is |
| A. | Abnormal spoilage |
| B. | Seasonal spoilage |
| C. | Normal spoilage |
| D. | Indirect spoilage |
| Answer» B. Seasonal spoilage | |
| 2024. |
----------is the cost attribution to the cost unit on the basis of benefits received from indirect activities. |
| A. | Activity based costing |
| B. | Target costing |
| C. | Backflush costing |
| D. | Life cycle costing |
| Answer» B. Target costing | |
| 2025. |
In innovative cost management terminologies ‘BPR’ stands for? |
| A. | Business Process Reconstruction |
| B. | Business Production Reschedule |
| C. | Business Process Re-engineering |
| D. | None of these |
| Answer» D. None of these | |
| 2026. |
Which of the following management accounting systems places a very strong emphasis onincorporating external data into the preparation of management reports? |
| A. | Sales variance analysis |
| B. | Activity based management |
| C. | Strategic management accounting |
| D. | Flexible budgeting |
| Answer» D. Flexible budgeting | |
| 2027. |
Cinema houses must adopt------- |
| A. | Operating costing |
| B. | Job costing |
| C. | Batch costing |
| D. | Contract costing |
| Answer» B. Job costing | |
| 2028. |
Which of the following equations can be used to calculate a material quantity variance? |
| A. | (AQ X AP) – (AQ X SP) |
| B. | (AP X SP) – (AQ X SP) |
| C. | (AQ X SP) – (SQ X SP) |
| D. | (AQ X SP) – (AQ X AP) |
| Answer» D. (AQ X SP) – (AQ X AP) | |
| 2029. |
In what circumstances might a company be prepared to price a special contract at less than itsrelevant cost? |
| A. | When sales of other products will not increase |
| B. | When the company is operating at almost full capacity |
| C. | In the expectation that additional profitable orders will be placed by the same customer |
| D. | When there are signs of improved market conditions |
| Answer» D. When there are signs of improved market conditions | |
| 2030. |
Which of the following is /are primary activity in Value Chain Analysis? |
| A. | Procurement |
| B. | Firms’ infrastructure |
| C. | HRM |
| D. | Service |
| Answer» E. | |
| 2031. |
Which of the following is true of standards? |
| A. | Standards represent a benchmark or a norm |
| B. | Standards relate to input quantity |
| C. | Standards relate to input cost |
| D. | All of the above |
| Answer» E. | |
| 2032. |
In Activity based costing, importance given to----------- |
| A. | Direct Cost |
| B. | Relevant cost |
| C. | Overhead |
| D. | Opportunity cost |
| Answer» D. Opportunity cost | |
| 2033. |
Standards that can be attained only under the best circumstances are referred to as: |
| A. | Attainable standards |
| B. | Budget standards |
| C. | Ideal standards |
| D. | Practical standards |
| Answer» D. Practical standards | |
| 2034. |
Kerala Electricity Board must make use of----------- |
| A. | Single or unit costing |
| B. | Job costing |
| C. | Process costing |
| D. | Operating cost |
| Answer» B. Job costing | |
| 2035. |
A colliery company employs: |
| A. | Contract Costing |
| B. | Batch Costing |
| C. | Operating Costing |
| D. | Single Costing |
| Answer» E. | |
| 2036. |
-------- are the factor which have direct cause and effect relationship with cost |
| A. | Cost object |
| B. | Cost pool |
| C. | Cost driver |
| D. | Cost centre |
| Answer» D. Cost centre | |
| 2037. |
Which management accounting technique involves the identification of value adding activities? |
| A. | Backflush costing |
| B. | Target costing |
| C. | Activity based management |
| D. | Value chain analysis |
| Answer» E. | |
| 2038. |
To produce a particular batch of product, Falcon Corporation paid its workers 12.00 per hour for 4,000hours of work. The standards for the quantity of work represented by the batch were 12.50 per hour and 4,400 hours. What was the labour efficiency variance? |
| A. | 2,000.00 favourable |
| B. | 5,000.00 favourable |
| C. | 5,000.00 unfavourable |
| D. | None of these |
| Answer» C. 5,000.00 unfavourable | |
| 2039. |
Process cost method is especially suitable for |
| A. | Custom production |
| B. | FIFO |
| C. | Standard costs |
| D. | LIFO |
| Answer» D. LIFO | |
| 2040. |
Which management accounting technique is sometimes referred to as super variable costing? |
| A. | Throughput accounting |
| B. | Marginal costing |
| C. | Direct costing |
| D. | Product life cycle costing |
| Answer» B. Marginal costing | |
| 2041. |
An investment centre is a responsibility centre where the manager has control of: |
| A. | Costs |
| B. | Costs, profits and product quality |
| C. | Costs, profits and assets |
| D. | Costs and profits |
| Answer» D. Costs and profits | |
| 2042. |
Which of the following best describes a fixed cost? |
| A. | Has a direct relationship with output |
| B. | Increases proportionately with output |
| C. | Represents a fixed proportion of total costs |
| D. | Remains constant irrespective of the level of activity |
| Answer» E. | |
| 2043. |
An adverse labour efficiency variance together with a favourable labour rate variance may mean that: |
| A. | The business is paying a higher hourly rate than the standard |
| B. | Less labour hours are needed to make the same amount of output |
| C. | Less skilled staff are being used in production |
| D. | More products are being made per hour |
| Answer» D. More products are being made per hour | |
| 2044. |
The stage where joint products are separated from each other is known as-------- |
| A. | break-even point |
| B. | angle of incidence |
| C. | split-off point |
| D. | Point of indifference |
| Answer» D. Point of indifference | |
| 2045. |
Marginal Costing is concerned with: |
| A. | Fixed Costs |
| B. | Variable Costs |
| C. | Semi-fixed Costs |
| D. | None of the above three |
| Answer» C. Semi-fixed Costs | |
| 2046. |
Which of the following equations can be used to calculate a material price variance? |
| A. | (AQ X AP) – (AQ X SP) |
| B. | (AP X SP) – (AQ X SP) |
| C. | (AQ X SP) – (SQ X SP) |
| D. | (AQ X SP) – (AQ X AP) |
| Answer» B. (AP X SP) – (AQ X SP) | |
| 2047. |
A product which has practically no sales or utility value is-------- |
| A. | Waste |
| B. | Spoilage |
| C. | Scrap |
| D. | Defectives |
| Answer» B. Spoilage | |
| 2048. |
A biscuit manufacturing concern employs: |
| A. | Operating costing |
| B. | Departmental Costing |
| C. | Batch Costing |
| D. | Contract Costing |
| Answer» D. Contract Costing | |
| 2049. |
‘Cost of Procurement’ is an example of--------------- |
| A. | Cost Driver |
| B. | Cost object |
| C. | Cost pool |
| D. | Cost Centre |
| Answer» D. Cost Centre | |
| 2050. |
Traditional absorption costing is ---------- |
| A. | Activity based |
| B. | Volume based |
| C. | Transaction based |
| D. | All the above |
| Answer» C. Transaction based | |