QCM Operational Management

QCM Operational Management

by

In this Operational Management MCQ, you will find more than 176 multiple choice questions/answers. Course questions or mini practical cases, you will be able to train properly for the Operational Management test.

Of course, I give you all the answers to this BTS MCO management QCM and moreover, it is indeed the entire 1st and 2nd year Operational Management program which is covered through this QCM.

For efficient and serious work, I strongly advise you to revise well BEFORE starting this MCQ. Here is the list of chapters concerned by this Operational Management MCQ (clickable links for faster access):

QCM Operational Management: Commercial Calculations

1. Both a margin rate and a markup rate are used to calculate a margin.

a/ True

b/ Unable to do this type of calculation

c/ False

You must choose answer a/.

2. A multiplier coefficient is always excluding tax.

a/ True

b/ False

You must choose answer b/ because by looking at the formula for the Multiplier Coefficient, we can clearly see that it is always inclusive of tax.

3. Generally, to calculate a multiplier coefficient, it is necessary to have:

a/ A sales price including tax and a purchase price excluding tax

b/ A sale price excluding VAT or a purchase price including VAT

c/ A sales price excluding VAT and a VAT rate

You must choose answer a/. In fact, the relationship PA HT x CM = PV TTC clearly shows that the CM is necessarily TTC since we are moving from an HT element to a TTC element.

4. To obtain an amount including tax directly, you can use the following expression:

a/ 1 – VAT rate

b/ 1 + VAT rate

c/ 1 x VAT rate

You must choose answer b/ because of the following relationship: Amount excluding VAT x (1 + VAT rate) = Amount including VAT.

5. If we divide the expression (1 + VAT rate) by the sales price including VAT, we obtain:

a/ An absurd result

b/ A selling price excluding tax

c/ A sales price including tax

You must choose answer a/ because this division makes no sense.

6. The term “VAT collected” applies to:

a/ Only for purchases of goods

b/ Only for sales of goods

c/ For all sales

d/ For all purchases

You must choose answer c/.

7. The VAT collected corresponds to the following calculation:

a/ PV HT – PV TTC

b/ PV incl. tax – PV excl. tax

c/ PA HT – PA TTC

d/ PA incl. tax – PA excl. tax

You must choose answer b/.

8. A discounted price is equal to:

a/ Initial price – (1 + discount rate)

b/ Initial price x (1 – discount rate)

c/ Initial price x (1 + discount rate)

d/ Initial price + (1 + discount rate)

You must choose answer b/.

9. An amount to be deducted is equal to the following calculation:

a/ Initial price x markup rate

b/ Initial price x discount rate

c/ Initial price x (1 – discount rate)

d/ Initial price x (1 + markup rate)

You must choose answer b/.

10. To find (amount to add) a rate, we can use the following calculation:

a/ Initial price x markup rate

b/ Initial price x discount rate

c/ Initial price x (1 – discount rate)

d/ Initial price x (1 + markup rate)

You must choose answer a/.

11. The following calculation “Sales price excluding VAT x quantity purchased” corresponds to:

a/ To the turnover excluding tax

b/ To the turnover including tax

c/ At the purchase price excluding VAT

d/ This calculation does not make sense

You must choose answer d/.

12. A margin on variable costs corresponds to the following calculation:

a/ Turnover – costs

b/ Turnover – fixed costs

c/ Turnover – variable costs

You must choose answer c/.

13. What do the following initials mean: MSCV?

a/ Margin on variable turnover

b/ Margin on variable charges

c/ Margin on variable costs

d/ Margin on volume costs

You must choose answer c/.

14. What does “VAT” mean?

a/ Value added tax

b/ Value added tax

c/ Value added tax

This is answer b/.

15. The markup rate corresponds to the following calculation:

a/ Gross margin / Net margin

b/ Gross margin / Total margin

c/ Gross margin / Purchase price excluding tax

d/ Gross margin / Selling price excluding tax

You must choose answer d/.

16. The following formula “(MSCV / Purchase price excluding VAT) x 100” allows us to find:

a/ Net margin

b/ Gross margin

c/ The mark rate

d/ The margin rate

You must choose answer d/.

17. The following formula “(MSCV / Selling price excluding VAT) x 100” allows us to find:

a/ Net margin

b/ Gross margin

c/ The mark rate

d/ The margin rate

You must choose answer c/.

18. The following formulas "(MSCV / Purchase price excluding VAT) x 100" and "(MSCV / Sale price excluding VAT) x 100" both allow us to find the same type of result, that is to say:

a/ A net margin

b/ A gross margin

c/ A mark rate

d/ A margin

You must choose answer d/.

19. The following formula “Cost price x (1+margin rate)” allows you to find a sales price including tax:

a/ True

b/ False

You must choose answer b/.

20. The following formula “Sale price excluding VAT / (1 + margin rate)” allows you to find a purchase price including VAT:

a/ True

b/ False

You must choose answer b/.

21. If we take into account the quantities, the following formula “Purchase price excluding VAT / (1 – markup rate)” allows us to find a turnover excluding VAT:

a/ True

b/ False

You must choose answer a/.

22. The following formula “Sales price x (1 – markup rate)” allows us to find:

a/ A purchase price excluding VAT

b/ A selling price excluding tax

d/ This calculation does not make sense

You must choose answer a/.

23. By default, business calculations are performed in:

a/ Amounts including tax

b/ Amounts excluding VAT

You must choose answer b/.

24. A rate of change can be used to find:

a/ The turnover of N-1

b/ The turnover of N

c/ The turnover of N+1

d/ To know the turnover trend

You must choose answer d/.

25. The following formula “(arrival value – departure value) / departure value) x 100” allows us to calculate:

a/ The conversion rate

b/ The fertilization rate

c/ The rate of change

You must choose answer c/.

You must choose answer c/.

QCM Operational Management: Operating cycle and WCR

26. The following diagram “Purchases of raw materials ==> Sales of finished products ==> Cash receipts ==> Purchases of raw materials” corresponds:

a/ In the transformation cycle of a commercial enterprise

b/ In the transformation cycle of an industrial company

c/ To the operating cycle of a commercial enterprise

d/ To the operating cycle of an industrial company

You must choose answer d/.

27. An accounting period corresponds to:

a/ A calendar year

b/ A period of 24 months

c/ A period of 12 months

d/ A period of 12 months from 1er January to December 31

You must choose answer c/.

28. The initials “BFR” correspond to:

a/ Relative financing requirement

b/ Financing and working capital requirements

c/ Revolving financing requirement

d/ Working capital requirement

You must choose answer d/.

29. The initials “BFRE” correspond to:

a/ Working capital requirement of companies

b/ Need for training carried out by companies

c/ Operating working capital requirement

You must choose answer c/.

30. The following formula “accounts receivable + inventory of goods – accounts payable” corresponds to the following initials:

a/ The BFRE

b/ The BFR

c/ The TN

d/ The NPV

You must choose answer a/.

31. The pair “inventories of goods + customer receivables” is greater than “Supplier payables”, we are therefore talking about:

a/ BFRHE

b/ BFRE

c/ EBE

You must choose answer b/.

32. The working capital requirement corresponds to the following formula:

a/ Receivables + stocks – supplier debts

b/ Receivables + inventory of goods – supplier debts

c/ Receivables + stocks – debts

You must choose answer c/.

33. It is possible to reduce the working capital requirement by:

a/ By reducing the storage duration

b/ By increasing the manufacturing process

c/ By increasing the period for recovering debts

You must choose answer a/.

34. Complete the following sentence: “The WCR is the financing necessary to ensure the gap between the … and the ….”:

a/ debts…receivables

b/ receipts…disbursements

c/ losses…profits

You must choose answer b/.

35. What is the formula for determining the monthly balance of a treasury?

a/ Final balance + receipts – disbursements

b/ Initial balance + receipts – disbursements

c/ Initial balance + disbursements – receipts

d/ Initial balance + receipts + disbursements

You must choose answer b/.

36. A value date and a transaction date correspond to the same and only one date?

a/ True

b/ False

You must choose answer b/.

37. An operation date corresponds to:

a/ An accounting date of recording

b/ A random date

c/ A value date

You must choose answer a/.

38. When an amount is credited to a company's bank account, the value date is:

a/ After the transaction date

b/ Prior to the transaction date

You must choose answer a/.

39. When an amount is debited from a company's bank account, the value date is:

a/ After the transaction date

b/ Prior to the transaction date

You must choose answer b/.

40. Value dates and transaction dates are set by:

a/ Sales representatives from the sales department of companies

b/ Banks and financial institutions

c/ Company accountants

You must choose answer b/.

QCM Operational Management: Settlement operations

41. A discount is granted when the company has received non-compliant goods:

a/ True

b/ False

You must choose answer b/.

42. A discount is given when a company purchases a large quantity of goods:

a/ True

b/ False

You must choose answer b/.

43. The calculation of a discount is based on:

a/ Turnover

b/ The result of the exercise

c/ Expenses and income

You must choose answer a/.

44. The settlement discount is:

a/ A reduction granted in the event of early or immediate payment

b/ A reduction granted in the event of non-compliant goods

c/ A reduction granted in the event of a large quantity purchase

You must choose answer a/.

45. The reason(s) for issuing a “credit note” invoice is/are:

a/ A billing error

b/ A return of goods

c/ A habitual omission of reduction

d/ Billing error, return of goods, and omission of usual reduction

You must choose answer d/.

46. What do the initials “TIP” mean in Management (chap. Relations with banks)?

a/ Port import tax

b/ Internal production tax

c/ Interbank payment title

You must choose answer c/.

47. The interbank payment title is a method of settlement:

a/ Cash

b/ Deferred

You must choose answer a/.

48. A commercial effect is a method of payment:

a/ In the long term

b/ Cash

You must choose answer a/.

49. The discount on a commercial paper corresponds to the following calculation:

a/ (VN xtxn) / 36

b/ (VN xn) / 36

c/ (VN xt) / 36

You must choose answer a/.

50. The element "n" in the discount formula corresponds to:

a/ Number of days between the invoice date and the payment date

b/ Number of days between the value date and the transaction date

c/ Number of days of anticipation of payment

You must choose answer c/.

51. The amount received by a supplier, in the event of payment by bill of exchange from a customer, corresponds to:

a/ The difference between an amount including tax and an amount excluding tax

b/ The difference between a nominal and bank charges

c/ The difference between a nominal and bank commissions

d/ The difference between a nominal and bank commissions + bank charges

You must choose answer d/.

QCM Operational Management: Cost calculations

52. A cost corresponds to:

a/ The sum of a charge excluding VAT and a VAT amount

b/ The sum of two charges

c/ The sum of several charges

You must choose answer c/.

53. Direct charges are:

a/ Charges directly linked to sales

b/ Charges directly linked to purchases

c/ Charges directly linked to the manufacture of a product

You must choose answer c/.

54. Indirect costs are not directly linked to: a/ The operation of a product

a/ To the exploitation of direct charges

b/ To the exploitation of TTC products

You must choose answer a/.

55. In the full cost method, the distribution table is necessary for the allocation of expenses:

a/ Direct

b/ Indirect

c/ Direct and indirect

You must choose answer b/.

56. In the full cost method, there is necessarily a secondary distribution:

a/ True

b/ False

You must choose answer a/.

57. In the full cost method, the primary allocation consists of:

a/ Assign direct charges to auxiliary centers

b/ Allocate indirect costs to auxiliary centers

c/ Allocate direct and indirect costs to auxiliary centers

You must choose answer b/.

58. In the full cost method, the secondary allocation consists of:

a/ Allocate indirect costs in auxiliary centers to main centers

b/ Assign direct costs in auxiliary centers to main centers

c/ Allocate indirect and direct costs in auxiliary centers to the main centers

You must choose answer a/.

59. In the full cost method, the cost of the unit of work:

a/ Corresponds to a unit of measurement within a center

b/ Corresponds to a direct charge type

c/ Corresponds to a type of indirect charge

You must choose answer a/.

60. In the full cost method, the cost of the unit of work corresponds to the formula:

a/ Total direct costs / Total indirect costs

b/ Total secondary distribution / Number of work units

c/ Total charges / Number of work units

You must choose answer b/.

61. The principle of psychological pricing is as follows:

a/ Creation of a graph, then two calculations

b/ Conducting a survey on a sample by asking two questions

c/ Conducting two surveys with two samples by asking two questions

You must choose answer b/.

62. When calculating the psychological price, what should be noted in the table:

a/ The highest price

b/ The lowest price

c/ The highest percentage

You must choose answer c/.

63. The formula for elasticity of demand is:

a/ % change in demand / % change in price

b/ % price variation / % demand variation

c/ % of variation in demand / % of variation rate

You must choose answer a/.

QCM Operational Management: Supply Management

64. In inventory monitoring, the 20/80 method consists of:

a/ Classify the products into eighty subcategories

b/ Classify the products into twenty subcategories

c/ Classify the company's products into two subcategories

You must choose answer c/.

65. In the field of inventory management, the classification of products into two subcategories is done as follows:

a/ 20% of the articles represent 80% of the turnover and 80% of the articles represent 20% of the turnover

b/ 50% of the articles represent 50% of the turnover and 20% of the articles represent 80% of the turnover

c/ 20% of the articles represent 80% of the turnover and 50% of the articles represent 50% of the turnover

You must choose answer a/.

66. In the field of inventory management, what is called the Pareto law or Pareto model:

a/ The ABC method

b/ The weighted average unit cost

c/ First in, first out

d/ The 20/80 method

You must choose answer d/.

67. In inventory management, the ABC method consists of:

a/ Distinguish products starting with the letters ABC

b/ Distinguish products except those starting with the letters ABC

c/ Distinguish products under categories A, B and C

You must choose answer c/.

68. Markdown is defined as:

a/ The difference between actual stock and purchases

b/ The difference between theoretical stock and purchases

c/ The difference between theoretical stock and actual stock

You must choose answer c/.

69. The theoretical stock corresponds to:

a/ To last year's stock

b/ To the formula: “initial stock + entries – exits”

c/ To the stock calculated by another formula

You must choose answer b/.

70. Flights and on-site consumption are taken into account in:

a/ The known markdown

b/ Unknown markdown

c/ The theoretical demarcation

You must choose answer b/.

71. Breakage and deterioration are taken into account in:

a/ The known markdown

b/ Unknown markdown

c/ The theoretical demarcation

You must choose answer a/.

72. The inventory turnover rate corresponds to the following formula:

a/ (Average inventory / Cost of goods sold) x 360 days

b/ (Purchase cost of goods sold / Average inventory) x 360 days

c/ (Purchase cost of goods sold / Average inventory)

d/ (Average inventory / Cost of goods sold)

You must choose answer c/.

73. The average storage duration corresponds to the following formula:

a/ (Average inventory / Cost of goods sold) x 360 days

b/ (Purchase cost of goods sold / Average inventory) x 360 days

c/ (Purchase cost of goods sold / Average inventory)

d/ (Average inventory / Cost of goods sold)

You must choose answer a/.

74. In Wilson's model, the economic lot corresponds to the following formula:

a/ Annual consumption / Cost of transfer

b/ Annual consumption / Cost of ownership

c/ Annual consumption / Ownership rate

d/ Annual consumption / Number of orders

You must choose answer d/.

75. The number of orders “N” corresponds to the following formula:

Wilson Model Formula - monbtsmco.com

You must choose answer b/.

76. In Wilson's model, the cost of passing corresponds to:

a/ Shipping costs, fax costs

b/ Costs related to storage, monitoring

c/ Costs related to the purchase of goods

You must choose answer a/.

77. The average stock corresponds to the following formula:

a/ Initial stock – Final stock

b/ Initial stock + Final stock

c/ (Initial stock – Final stock) / 2

d/ (Initial stock + Final stock) / 2

You must choose answer c/.

78. In the Wilson model, the average stock can be defined according to the following formula:

a/ Annual consumption / 2N

b/ Annual consumption / 3N

c/ Annual consumption / 4N

You must choose answer a/.

QCM Operational Management: Analysis of operations

79. Which of the following definitions of the operating account is correct:

a/ The operating account includes all assets held by the company as well as all debts for a period of 12 months.

b/ The operating account groups together all of the company's expenses and income over a 12-month period.

c/ The operating account groups together all the assets and liabilities of the company over a period of 12 months.

You must choose answer b/.

80. Within an operating account, we distinguish 3 subcategories of expenses:

a/ Operating expenses, financial expenses, annual expenses

b/ Operating expenses, exceptional expenses, financial expenses

c/ Operating expenses, exceptional expenses, expenses including tax

You must choose answer b/.

81. Within an operating account, we distinguish 3 subcategories of products:

a/ Operating income, financial income, annual income

b/ Operating income, exceptional income, financial income

c/ Operating income, exceptional income, income including tax

You must choose answer b/.

82. In the operating account, there are two expense items which are not part of the 3 subcategories, these are the following items:

a/ Personnel costs and depreciation

b/ Interest charges and purchases of goods

c/ Profit tax and employee participation

You must choose answer b/.

83. In the operating account, the calculation of the “result for the financial year” is as follows:

a/ Total expenses – Total income

b/ Total income – Total expenses

c/ Total operating expenses – Total operating income

You must choose answer b/.

84. In the operating account, the "result for the financial year" can be positive or negative. How is it written in the latter case?

a/ The number is classically written with the “minus” sign

b/ The number is written classically without the “minus” sign

c/ The result of the exercise is always positive

You must choose answer b/.

85. In the operating account, the expenses and income are:

a/ All HT

b/ All inclusive of VAT

c/ Some are excluding VAT and others are including VAT

You must choose answer a/.

86. In an operating account, the expenses are on the right:

a/ True

b/ False

You must choose answer b/.

87. In the operating account, the products are on the right:

a/ True

b/ False

You must choose answer a/.

88. In the analysis of the operation, the intermediate management balances:

a/ Allows the formation of the “result of the exercise” to be noted

b/ Allows the calculation of the variation of the “result of the financial year”

c/ Allows the calculation of the evolution of the “result of the financial year”

You must choose answer a/.

89. In the table of intermediate management balances:

a/ The balances are always negative

b/ The balances are always positive

c/ The balances are either positive or negative

You must choose answer c/.

90. All the labels in the interim management balances table are found in the operating account:

a/ True

b/ False

You must choose answer b/.

91. In the analysis of the operation, the self-financing capacity allows:

a/ Financing the company's cash flow

b/ Finance the renewal of fixed assets and the payment of dividends to shareholders

c/ Finance the interest charges on loans and the loss for the financial year

You must choose answer b/.

92. For the calculation of self-financing capacity, there are:

a/ 4 different methods

b/ 3 different methods

c/ 2 different methods

d/ 1 method only

You must choose answer c/.

93. In the calculation of self-financing capacity, globally in the subtractive method:

a/ It is about making the difference between expenses and products

b/ It is about making the difference between assets and liabilities

c/ It is about making the difference between the asset and the products

You must choose answer a/.

94. The ratio which allows the calculation of the evolution of turnover is a ratio:

a/ Activity

b/ Profitability

c/ Of structure

You must choose answer a/.

QCM Operational Management: Balance Sheet Analysis

95. The accounting balance sheet includes:

a/ All of the company's expenses and income

b/ All losses and gains of the company

c/ The assets and liabilities of the company

You must choose answer c/.

96. The main common point between the operating account and the balance sheet is:

a/ Loss of the exercise

b/ Profit for the financial year

c/ The result of the exercise

You must choose answer c/.

97. In the balance sheet, the debts are:

a/ On the right

b/ On the left

c/ In the center

You must choose answer a/.

98. On the assets side of the balance sheet, there are 3 columns of amounts:

a/ True

b/ False

You must choose answer a/.

99. On the liabilities side of the balance sheet, there are 3 columns of amounts:

a/ True

b/ False

You must choose answer b/.

100. The functional balance sheet is a second accounting balance sheet:

a/ True

b/ False

You must choose answer b/.

101. In the functional balance sheet, at the level of stable resources, we mainly find:

a/ Short-term debts

b/ Long-term debts

c/ Medium-term debts

You must choose answer b/.

102. In the functional balance sheet, at the level of circulating resources, we mainly find:

a/ Short-term debts

b/ Long-term debts

c/ Medium-term debts

You must choose answer a/.

103. In the functional balance sheet, the cash flow of the liabilities corresponds to:

a/ To the loss of the exercise

b/ To a bank overdraft

c/ To bank interests and taxes

You must choose answer b/.

104. In the functional balance sheet, stable jobs are:

a/ Raw values

b/ Values ​​including tax

c/ HT values

You must choose answer a/.

105. In the functional balance sheet, the cash of the balance sheet assets corresponds to:

a/ For the benefit of the company

b/ At the company's availability

c/ To the company's products

You must choose answer b/.

106. The overall net working capital corresponds to the following formula:

a/ Stable jobs – Stable resources

b/ Current jobs – Stable jobs

c/ Stable resources – Stable jobs

d/ Circulating resources – Circulating jobs

You must choose answer c/.

107. The working capital requirement corresponds to the following formula:

a/ Circulating jobs – Circulating resources

b/ Current jobs – Stable jobs

c/ Stable resources – Stable jobs

d/ Circulating resources – Circulating jobs

You must choose answer a/.

108. Net cash flow corresponds to the following formula:

a/ Stable resources – Stable jobs

b/ Stable jobs – Stable resources

c/ Net working capital – Working capital requirement

You must choose answer c/.

109. There is a link between net cash and working capital requirement:

a/ True

b/ False

You must choose answer a/.

110. In the functional balance sheet analysis, if the overall net working capital is positive:

a/ This means that the company is heavily indebted

b/ This means that the company is making profits

c/ This means that the company is properly financing its investments

You must choose answer c/.

111. In the functional balance sheet analysis, if the working capital requirement is negative:

a/ This means that the company is heavily indebted

b/ This means that the company is making losses

c/ This means that the company has negotiated deadlines well with its customers and suppliers.

You must choose answer c/.

112. The average duration of customer credit corresponds to the following formula:

a/ (Accounts receivable / net turnover) x 360

b/ (Accounts receivable / turnover including tax) x 360

c/ (Excl. VAT trade receivables / excl. VAT turnover) x 360

You must choose answer b/.

113. Regarding the ratio of the average duration of customer credit, this measures:

a/ The average duration in days of credit granted by the company to its customers

b/ The exact duration in days of the credit granted by the company to its customers

c/ The average duration in weeks of credit granted by the company to its customers

You must choose answer a/.

114. The average duration of supplier credit corresponds to the following formula:

a/ (Monthly supplier debts / purchases including tax) x 360

b/ (Monthly supplier debts / purchases excluding tax) x 360

c/ (Annual supplier debts / purchases including tax) x 360

You must choose answer c/.

115. Regarding the ratio of the average duration of supplier credit, this measures:

a/ The average duration in days of credit obtained by the company from its suppliers

b/ The average duration in days of credit obtained by the company from its customers

c/ The average duration in days of credit granted by the company on behalf of its suppliers

You must choose answer a/.

116. The average storage duration ratio corresponds to the following formula:

a/ (Average inventory / cost of goods purchased) x 360

b/ (Average inventory / cost of goods sold) x 360

c/ (Average inventory / cost of goods sold) x 365

d/ (Average stock including tax / cost of goods sold) x 360

You must choose answer b/.

117. The average storage duration ratio measures:

a/ The number of months during which the company sells its goods

b/ The number of weeks during which the company purchases its goods

c/ The number of days during which the company purchases its goods

d/ The number of days during which the company does not sell its stocks

You must choose answer d/.

QCM Operational Management: Budgets

118. In terms of budget, the initial cash flow is always positive:

a/ True

b/ False

You must choose answer b/.

119. Cash balances are still positive:

a/ True

b/ False

You must choose answer b/.

120. In the disbursement budget, the amounts to be taken into consideration are:

a/ TTC

b/ HT

You must choose answer a/.

121. In the VAT budget there cannot be negative amounts:

a/ True

b/ False

You must choose answer b/.

122. The purpose of establishing budgets is to know and anticipate:

a/ The state of its cash flow

b/ All of its disbursements

c/ All of its collections

You must choose answer a/.

123. When establishing a cash flow budget, a balance sheet may be provided as an appendix; this can be used to:

a/ Balance the amount in your accounts so that your budgets are balanced

b/ Complete the budgets at the start of the period to be studied

c/ Check the different amounts found within the budgets

You must choose answer b/.

124. In the cash receipts budget, there are mainly sales figures. In the following list, which element can also be part of this budget?

a/ The “Supplier Debts” item

b/ The “Bank” position

c/ The “Cash” position

d/ The “Customer receivables” item

You must choose answer d/.

125. In terms of budget, it is mandatory to have an indication of the distribution in percentage:

a/ True

b/ False

You must choose answer b/.

126. In the disbursement budget, there are mainly expenses. In the following list, which item can also be part of this budget?

a/ The “Supplier Debts” item

b/ The “Bank” position

c/ The “Cash” position

d/ The “Customer receivables” item

You must choose answer a/.

127. The final cash amount corresponds to the following calculation:

a/ Initial treasury – cash receipts budget + cash disbursements budget

b/ Initial cash flow + cash receipts budget – cash disbursements budget

c/ (Initial cash flow + final cash flow) / 2

You must choose answer b/.

128. In general, the amounts allocated to the various budgets are mainly:

a/ HT

b/ TTC

You must choose answer b/.

129. In case of positive cash balances, it is preferable for the company to:

a/ Place these surpluses in long-term interest-bearing accounts in order to have them available in several months

b/ Place these surpluses in short-term remunerated accounts

c/ Place these surpluses in accounts bearing interest over the medium term

You must choose answer b/.

130. In the “Purchases & Sales” budget, which contains the amounts of purchases and sales excluding tax and including all taxes, it is necessary to calculate a total:

a/ True

b/ False

You must choose answer b/.

131. In terms of budget, we can never know the amount of VAT to be paid at the start of the period studied:

a/ True

b/ False

You must choose answer b/.

132. In the VAT budget, some amounts are exclusive of VAT and others are inclusive of VAT:

a/ True

b/ False

You must choose answer b/.

QCM Operational Management: The choice of investments

133. An investment is characterized by:

a/ Its amount: initial expenditure for the completion of the project

b/ Its lifespan: time during which there are financial consequences

c/ Cash flows: cash flows or cash flows calculated over a year

d/ Its amount, its lifespan, cash flows

You must choose answer d/.

134. The acquired value corresponds to a value:

a/ Future

b/ Old

c/ Present

You must choose answer a/.

135. The acquired value corresponds to the sum:

a/ Capital + bank charges

b/ Capital + bank charges

c/ Capital + interest

You must choose answer c/.

136. The earned value corresponds to the following formula:

a/ Vn = V0 x (1 + i)n

b/ V0 = Vn x (1 + i)n

c/ Vn = V0 x (1 + i)-n

d/ V0 = Vn x (1 + i)-n

You must choose answer a/.

137. Simple interest is calculated over a maximum period of:

a/ 6 months

b/ 1 year

c/ 2 years

You must choose answer b/.

138. Compound interest is calculated over a maximum period of:

a/ 6 months

b/ 1 year

c/ 2 years

d/ No limit

You must choose answer d/.

139. In the field of investments, the element “Vn” corresponds to:

a/ A future value

b/ A present value

You must choose answer a/.

140. In the field of investments, the “V0” element corresponds to:

a/ A future value

b/ A present value

You must choose answer b/.

141. In investment, the interest rate is always annual:

a/ True

b/ False

You must choose answer b/.

142. The current value corresponds to a value:

a/ Future

b/ Old

c/ Present

You must choose answer c/.

143. The current value corresponds to the following formula:

a/ Vn = V0 x (1 + i)n

b/ V0 = Vn x (1 + i)n

c/ Vn = V0 x (1 + i)-n

d/ V0 = Vn x (1 + i)-n

You must choose answer d/.

144. The present value is the amount of capital initially invested in period P0:

a/ True

b/ False

You must choose answer a/.

145. In the case of a regular investment over the same period, the sum of these investments plus interest over “n” periods corresponds to:

a/ The net present value by investing a series of constant annuities

b/ The net value acquired by investing a series of constant annuities

c/ The net future value by investing a series of constant annuities

d/ The net present value through the investment of a series of constant annuities

You must choose answer b/.

146. A constant annuity corresponds to:

a/ An identical annual placement

b/ An identical monthly investment

c/ An annual irregular identical placement

d/ An irregular monthly identical placement

You must choose answer a/.

147. What is the letter that indicates the amount of the constant annuity in the formula for the value acquired by investing a series of constant annuities:

a/ “i”

b/ “n”

That "

You must choose answer c/.

148. In the field of investments, the NPV corresponds to:

a/ The difference between net cash flows and the amount of capital acquired

b/ The difference between the acquired capital and the interests

c/ The difference between net cash flow and the amount of invested capital

You must choose answer c/.

149. When the NPV is negative, we can conclude that the planned investment is profitable:

a/ True

b/ False

You must choose answer b/.

150. Net cash flow corresponds to the difference between receipts and disbursements:

a/ True

b/ False

You must choose answer a/.

151. When the profitability index is less than 1, we can consider that the project under consideration will be profitable:

a/ True

b/ False

You must choose answer b/.

152. When we divide the investment amount by the sum of the discounted net cash flows, we obtain:

a/ The net present value

b/ The profitability index

c/ The recovery period for the invested capital

d/ An absurd result

You must choose answer d/.

153. When we divide the sum of the discounted net cash flows by the amount of the investment, we obtain:

a/ The net present value

b/ The profitability index

c/ The recovery period for the invested capital

d/ An absurd result

You must choose answer b/.

154. In the table used to determine net cash flows, we see the “Depreciation” line twice:

a/ True

b/ False

You must choose answer a/.

155. In the field of investments, the “IRR” (or “TRI”) corresponds to:

a/ Intrinsic rate of return

b/ Interest rate of return

c/ Internal rate of return

d/ Internal result rate

You must choose answer c/.

156. In the field of investments, the IRR or TIR is considered as the rate for which:

a/ There is equality between the discounted net cash flows and the amount of the investment

b/ There is equality between the annual net cash flows and the amount of the investment

c/ There is equality between the discounted net cash flows and the amount of the NPV

d/ There is equality between the discounted net cash flows and the amount of the IP

You must choose answer a/.

157. In terms of investment, the DRCI answers the following question:

a/ From what initial amount does the project become profitable?

b/ From what date does the project become profitable?

c/ At what interest rate does the project become profitable?

You must choose answer b/.

158. The internal rate of return is the rate at which the NPV is zero:

a/ True

b/ False

You must choose answer a/.

159. In the formula for the internal rate of return, we establish an equality between, on one side, the amounts, and on the other side, the rates:

a/ True

b/ False

You must choose answer a/.

160. Capital increase is a method of external financing:

a/ True

b/ False

You must choose answer a/.

161. In the context of an annual loan repayment, what do you call what the company repays?

a/ The capital remaining due at the end of the period

b/ The constant annuity

c/ The capital remaining due at the end of the period

You must choose answer b/.

162. Leasing is a method of external financing:

a/ True

b/ False

You must choose answer a/.

163. To calculate the weighted arithmetic mean, the following formula must be applied:

a/ ?xi ÷N

b/?N ÷ xi

c/ ?xini ÷ N

You must choose answer c/.

QCM Operational Management: Forecasts by statistical analysis

164. To obtain the mode in the case of a statistical series with continuous variables and a regular interval, we must apply the following formula:

a/ ?xi ÷N

b/?N ÷ xi

c/ ?xini ÷ N

d/ The solution is found by simply reading the preparatory table

You must choose answer d/.

165. In a statistical series with continuous variables, if there are as many customers who spend more than €150 as there are customers who spend less than €150, we then speak of:

a/ Average price

b/ Average basket

c/ Median price

d/ Price intervals

You must choose answer c/.

166. How many quartiles are there?

a/ 1

b/ 2

c/ 3

d/ 4

You must choose answer d/.

167. To obtain the mode in the case of a statistical series with continuous variables and irregular intervals:

a/ Just read the preparatory table

b/ You have to directly apply a single formula and you find the result

c/ It is necessary to make a division beforehand to “harmonize” the intervals

You must choose answer c/.

168. What is the most correct sentence to interpret the weighted arithmetic mean, in the context of a statistical series?

a/ The median price is €140

b/ The average price is €140

c/ The price range is 140 €

You must choose answer b/.

169. What is the most correct sentence to interpret fashion, in the context of a statistical series?

a/ The median price which is above the others is €140

b/ The majority of customers spend €140

c/ The price range is 140 €

You must choose answer b/.

170. We find 144 € in the calculation of the median. This result can be interpreted as follows:

a/ You have to wait 144 days before going to the bank before being checked

b/ There are as many customers who spend more than €144 as there are customers who pay less than €144.

c/ The company cannot spend more than €144 per sale under penalty of being audited

You must choose answer b/.

171. We find 150 € for the calculation of the standard deviation. This result can be interpreted as follows:

a/ The arithmetic mean varies globally by more or less than €150

b/ The arithmetic mean added to the mode gives approximately €150

c/ The arithmetic mean varies by more than €150

d/ The arithmetic mean varies by less than €150

You must choose answer a/.

QCM Operational Management: Sales forecasting

172. Which method does not allow you to find future sales figures among the following:

a/ The least squares line

b/ The double average method

c/ The square point method

d/ The extreme points method

You must choose answer c/.

173. In order to make a sales forecast, it is first necessary to find a straight line of the form:

a/ a2 + b2 = c2

b/ y = ax + b

c/ y = ax + bz

You must choose answer b/.

174. In sales forecasting, the least squares method has the following principle:

a/ Find the parameters of the equation and then write the equation which allows the calculation of future turnover

b/ To split the basic statistical series into two sub-series, to calculate the averages for each sub-series, then to find the parameters of the equation by solving a system of equations

c/ To solve a system of equations with three unknowns

You must choose answer a/.

175. In sales forecasting, the double average method has the following principle:

a/ Find the parameters of the equation and then write the equation which allows the calculation of future turnover

b/ To split the basic statistical series into two sub-series, to calculate the averages for each sub-series, then to find the parameters of the equation by solving a system of equations

c/ To solve a system of equations with three unknowns

You must choose answer b/.

176. In sales forecasting, the extreme points method has the following principle:

a/ Find the parameters of the equation and then write the equation which allows the calculation of future turnover

b/ To split the basic statistical series into two sub-series, to calculate the averages for each sub-series, then to find the parameters of the equation by solving a system of equations

c/ To solve a system of equations with three unknowns

d/ To take as reference the oldest period and the most recent period, to pose a system of equations, to find the parameters of this system and then to carry out the forecast

You must choose answer d/.

2 thoughts on “Operational Management QCM”

Leave comments