1. What
is the
primary
purpose
of a
Manage
ment
Informa
tion
System
(MIS)?
'r
A)
Data
storage
B)
Data
collecti
on
C)
Data
processi
ng
D)
Decisio
n
support
2.
Which
of the
followi
ng is an
exampl
e of a
transact
ion
processi
ng
system
(TPS)?
A)
Invento
ry
manage
ment
system
B)
Decisio
n
support
system
C)
Expert
system
D)
Video
confere
ncing
system
3. In
the
context
of MIS,
what
does
the
acrony
m
"ERP"
stand
for?
A)
Electro
nic
Resourc
e
Plannin
g
B)
Enterpri
se
Resourc
e
Plannin
g
C)
Efficien
t
Reporti
ng
Process
D)
Externa
l
Resourc
e
Procure
ment
4.
Which
compon
ent of
an MIS
is
respons
ible for
converti
ng data
into
informa
tion for
decisio
n-make
rs?
A)
Softwar
e
B)
Hardwa
re
C)
Databas
e
D)
People
5. A
dashboa
rd
displayi
ng key
perform
ance
indicato
rs
(KPIs)
is an
exampl
e of
what
type of
MIS?
A)
Executi
ve
support
system
B)
Decisio
n
support
system
C)
Transac
tion
processi
ng
system
D)
Expert
system
**Cost
Classifi
cation:*
*
6.
Which
of the
followi
ng costs
would
be
classifie
d as a
variable
cost in
a
manufa
cturing
compan
y?
A)
Rent
for
factory
buildin
g
B)
Raw
material
s
C)
Salaries
of
product
ion
supervi
sors
D)
Depreci
ation on
office
equipm
ent
7. A
compan
y's
advertis
ing
expense
s are an
exampl
e of
what
type of
cost?
A)
Direct
cost
B)
Indirect
cost
C)
Fixed
cost
D)
Semi-v
ariable
cost
8.
Manufa
cturing
overhea
d costs
typicall
y
include:
A)
Direct
labor
costs
B)
Direct
material
costs
C)
Indirect
labor
costs
D)
Admini
strative
salaries
9.
Which
of the
followi
ng is an
exampl
e of a
period
cost?
A)
Depreci
ation on
product
ion
machin
ery
B)
Direct
labor
used in
manufa
cturing
C)
Sales
commis
sions
D)
Raw
material
cost
10. The
cost of
factory
security
personn
el's
wages
is an
exampl
e of
what
type of
cost?
A)
Variabl
e cost
B)
Fixed
cost
C)
Mixed
cost
D)
Step
cost
**Cost
Behavi
or:**
11. If
the total
cost
remains
constan
t within
the
relevant
range
of
activity,
it is
classifie
d as:
A)
Variabl
e cost
B)
Fixed
cost
C)
Semi-v
ariable
cost
D)
Step
cost
12. The
cost
that
increase
s or
decreas
es
proporti
onally
with
changes
in
product
ion or
activity
levels is
known
as:
A)
Fixed
cost
B)
Semi-v
ariable
cost
C)
Mixed
cost
D)
Variabl
e cost
13.
Which
of the
followi
ng cost
behavio
rs
would
be
represe
nted by
a
straight
-line on
a
cost-vol
ume-pr
ofit
(CVP)
graph?
A)
Fixed
cost
B)
Variabl
e cost
C)
Semi-v
ariable
cost
D)
Step
cost
14. The
rent for
a
manufa
cturing
facility
is an
exampl
e of
what
type of
cost
behavio
r?
A)
Fixed
cost
B)
Variabl
e cost
C)
Semi-v
ariable
cost
D)
Mixed
cost
15. The
total
cost of
produci
ng
1,000
units of
a
product
is
$10,000
, and
the total
cost of
produci
ng
2,000
units is
$18,000
. What
is the
behavio
r of this
cost?
A)
Variabl
e cost
B)
Fixed
cost
C)
Semi-v
ariable
cost
D)
Mixed
cost