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    Strategic Cost Management

    Uploaded by

    Bharat Bhojwani
    This document contains 95 multiple choice questions about strategic cost accounting concepts. The questions cover topics such as productivity, labor productivity, the Pareto principle, the theory of constraints, lean management, value chain analysis, target costing, kaizen, backflush costing, total quality management, and more. The answers to each question are also provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Strategic Cost Management

    Uploaded by

    Bharat Bhojwani
    2K views5 pages
    This document contains 95 multiple choice questions about strategic cost accounting concepts. The questions cover topics such as productivity, labor productivity, the Pareto principle, the theory of constraints, lean management, value chain analysis, target costing, kaizen, backflush costing, total quality management, and more. The answers to each question are also provided.

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    © © All Rights Reserved

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    This document contains 95 multiple choice questions about strategic cost accounting concepts. The questions cover topics such as productivity, labor productivity, the Pareto principle, the theory of constraints, lean management, value chain analysis, target costing, kaizen, backflush costing, total quality management, and more. The answers to each question are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views5 pages

    Strategic Cost Management

    Uploaded by

    Bharat Bhojwani
    This document contains 95 multiple choice questions about strategic cost accounting concepts. The questions cover topics such as productivity, labor productivity, the Pareto principle, the theory of constraints, lean management, value chain analysis, target costing, kaizen, backflush costing, total quality management, and more. The answers to each question are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    Strategic Cost Accounting MCQs [set-4]

    76. Productivity is the ratio between input and __________.


    A. Product
    B. Output
    C. Value
    D. Cost
    Answer: B

    77. Labour productivity measures the growth in value added _____ per unit of
    labour used.
    A. Input
    B. Output
    o m
    C. Cost
    . c
    D. Energy te
    Answer: B a
    q M
    c
    78. Pareto Principle is ______ rule.
    A. 80/20
    B. 50/50
    M
    C. 60/40
    D. 10/90
    Answer: A

    79. The Theory of Constraints is an organizational change method that is focused


    on ___________ improvement.
    A. Profit
    B. Cost
    C. Product
    D. Economics
    Answer: A

    80. The essential concept of TOC is that every organization must have at least one
    ____________.
    A. Process
    B. Function
    C. Constraint
    D. Cost
    Answer: C

    81. A _______ is any factor that limits the organization from getting more of
    whatever it strives for.
    A. Constraint
    B. Cost
    C. Profit
    D. Revenue
    Answer: A

    82. Lean management has been developed with the intention of reducing
    ________________ and maximizing the value of the product or the service to the
    customer.
    A. Cost
    B. Value Cost
    C. Process Waste
    D. Profit
    Answer: C

    83. ________________ is an important part of lean thinking.


    A. Lean Management
    B. Cost Management
    C. Strategic Cost
    D. Cost Reduction
    Answer: A

    84. A ______________ is the sequence of phases that a project goes through from
    its initiation to its closure.
    A. Product Management
    B. Project Management
    C. Project Sequencing
    D. ProjectLife Cycle
    Answer: D

    Download more sets at McqMate.com


    85. ____________ describes the activities within and around an organization, and
    relates them to an analysis of the competitive strength of the organization.
    A. Value Chain Analysis
    B. Value Management
    C. Value Engineering
    D. Strategic Cost
    Answer: A

    86. Porter argues that the ability to perform particularactivities and to manage the
    linkages between these activities is a source of _______________ advantage.
    A. Cost
    B. Competitive
    C. Functional
    D. Profitability
    Answer: B

    87. _________ is referred to as continuous improvement costing.


    A. Kaizen
    B. JIT
    C. Kanban
    D. Cost sensitivity
    Answer: A

    88. Kaizen is a method aimed at ______ reduction below standard level, but
    without negative effects on quality, staff, safety, etc.
    A. Cost
    B. Waste
    C. Non – value activities
    D. Constraints
    Answer: A

    89. ______________ is introduced as a technique that aims to manage product costs


    throughout the design stage.
    A. Process Costing
    B. Product Costing
    C. Target Costing
    D. Strategic Costing

    Download more sets at McqMate.com


    Answer: C

    90. Target costing is a ___________ costing methodology, in which the selling price
    and the required profit margin are used to determine the allowable cost for
    manufacturing a new/existing product.
    A. Modern
    B. Reverse
    C. Product
    D. Process
    Answer: B

    91. _________ Costing Also known as delayed costing,


    A. Backflush
    B. Conventional
    C. Modern
    D. Competitive
    Answer: A

    92. Backflush costing is an accounting method that records costs after a good is
    sold or a service is ___________.
    A. Initiated
    B. Progressed
    C. Completed
    D. Planned
    Answer: C

    93. ____________ means change for the better.


    A. Kaizen
    B. Theory of Constraints
    C. Kanban
    D. C. JIT
    Answer: A

    94. TOC stands for _____________________.


    A. Theory of Competition
    B. Theory of Cost
    C. Theory of Constraints

    Download more sets at McqMate.com


    D. Theory of Complexity
    Answer: C

    95. TQM stands for _____________________.


    A. Total Quality Misrepresentation
    B. Team Quality Manager
    C. Total Quality Management
    D. Theoretical Quality Management
    Answer: C

    Download more sets at McqMate.com

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