Top 80+ Solved Strategic Cost Accounting MCQ Questions Answer
Q. Labour productivity measures the growth in value added _____ per unit of labour used.
a. Input
b. Output
c. Cost
d. Energy
Q. The Theory of Constraints is an organizational change method that is focused on ___________improvement.
a. Profit
b. Cost
c. Product
d. Economics
Q. The essential concept of TOC is that every organization must have at least one ____________.
a. Process
b. Function
c. Constraint
d. Cost
Q. A _______ is any factor that limits the organization from getting more of whatever it strives for.
a. Constraint
b. Cost
c. Profit
d. Revenue
Q. Lean management has been developed with the intention of reducing ________________ andmaximizing the value of the product or the service to the customer.
a. Cost
b. Value Cost
c. Process Waste
d. Profit
Q. ________________ is an important part of lean thinking.
a. Lean Management
b. Cost Management
c. Strategic Cost
d. Cost Reduction
Q. A ______________ is the sequence of phases that a project goes through from its initiation to itsclosure.
a. Product Management
b. Project Management
c. Project Sequencing
d. ProjectLife Cycle
Q. ____________ describes the activities within and around an organization, and relates them toan analysis of the competitive strength of the organization.
a. Value Chain Analysis
b. Value Management
c. Value Engineering
d. Strategic Cost
Q. Porter argues that the ability to perform particularactivities and to manage the linkages betweenthese activities is a source of _______________ advantage.
a. Cost
b. Competitive
c. Functional
d. Profitability
Q. _________ is referred to as continuous improvement costing.
a. Kaizen
b. JIT
c. Kanban
d. Cost sensitivity
Q. Kaizen is a method aimed at ______ reduction below standard level, but without negative effectson quality, staff, safety, etc.
a. Cost
b. Waste
c. Non – value activities
d. Constraints
Q. ______________ is introduced as a technique that aims to manage product costs throughout thedesign stage.
a. Process Costing
b. Product Costing
c. Target Costing
d. Strategic Costing