MCQOPTIONS
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This section includes 26 Mcqs, each offering curated multiple-choice questions to sharpen your Cost Accounting knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Out of the following factors that are affecting Capacity Planning, which one is Less Controllable one? |
| A. | Machine break-downs |
| B. | Amount of labour employed |
| C. | Facilities installed |
| D. | Shifts of work per day |
| Answer» B. Amount of labour employed | |
| 2. |
Out of the following trends in production/operations management, which one is sometimes called as agile manufacturing? |
| A. | Re-engineering |
| B. | Supply-Chain Management |
| C. | Lean Production |
| D. | Flexibility |
| Answer» E. | |
| 3. |
The time by which an activity can be rescheduled without affecting the other activities - preceding or succeeding is called as |
| A. | Slack |
| B. | Independent Float |
| C. | Free Float |
| D. | Total Float |
| Answer» C. Free Float | |
| 4. |
Which of the following stages of Product Life Cycle does attribute beginning of substantial increase in Sales and Profits? |
| A. | Introduction |
| B. | Growth |
| C. | Maturity |
| D. | Decline |
| Answer» C. Maturity | |
| 5. |
In which of the following stages the management should try to change its approach by changing its strategy from "buy my product" to "try my product"? |
| A. | Introduction |
| B. | Growth |
| C. | Maturity |
| D. | Decline |
| Answer» C. Maturity | |
| 6. |
Conducting occasional check-ups of the products manufactured or assembled to ensure high quality of the production is known as: |
| A. | Planning |
| B. | Scheduling |
| C. | Inspection |
| D. | Routing |
| Answer» D. Routing | |
| 7. |
Which one of the following standards is associated with the "Quality Assurance in Final Inspection Test"? |
| A. | ISO 9001 |
| B. | ISO 9002 |
| C. | ISO 9003 |
| D. | ISO 9004 |
| Answer» D. ISO 9004 | |
| 8. |
In a network diagram, the activity that must be completed prior to the start of an activity is called as |
| A. | Successor activity |
| B. | Predecessor activity |
| C. | Concurrent activity |
| D. | Dummy activity |
| Answer» C. Concurrent activity | |
| 9. |
Which of the following models deals with the physical movement of goods from different supply origins to a number of different demand destinations? |
| A. | Simulation |
| B. | Transportation |
| C. | Lean operations |
| D. | Line balancing |
| Answer» C. Lean operations | |
| 10. |
To determine where the plant should be located for maximum operating economy and effectiveness, refers to which one of the following? |
| A. | Plant layout |
| B. | Facility location |
| C. | Capacity planning |
| D. | Capacity requirement |
| Answer» C. Capacity planning | |
| 11. |
Which of the following process types is used when a very highly standardized product is desired in high volumes? |
| A. | Repetitive Process |
| B. | Batch Process |
| C. | Project Process |
| D. | Continuous Process |
| Answer» E. | |
| 12. |
Which of the following aims at finding the best and most efficient way of using the available resources men, materials, money and machinery? |
| A. | Method Study |
| B. | Work Study |
| C. | Time Study |
| D. | Motion Study |
| Answer» C. Time Study | |
| 13. |
Which one of the following standards is associated with the Quality Management and Quality System Elements-Guidelines ? |
| A. | ISO 9001 |
| B. | ISO 9002 |
| C. | ISO 9003 |
| D. | ISO 9004 |
| Answer» E. | |
| 14. |
The document, which is used to show planning quantity standards and production plan, is known as: |
| A. | Planning specifications |
| B. | Route sheet |
| C. | Bill of materials |
| D. | Operation sheet |
| Answer» B. Route sheet | |
| 15. |
Final stage of production planning, where production activities are coordinated and projected on a time scale is known as: |
| A. | Scheduling |
| B. | Loading |
| C. | Expediting |
| D. | Routing |
| Answer» B. Loading | |
| 16. |
The study of relationship between the load on hand and capacity of the work centers is known as: |
| A. | Scheduling |
| B. | Loading |
| C. | Routing |
| D. | Controlling |
| Answer» C. Routing | |
| 17. |
Which one of the following standards is associated with the "Quality Assurance in Production and Installation"? |
| A. | ISO 9001 |
| B. | ISO 9002 |
| C. | ISO 9003 |
| D. | ISO 9004 |
| Answer» C. ISO 9003 | |
| 18. |
Use of any process or procedure designed to transform a set of input elements into a set of output elements is known as: |
| A. | Transformation process |
| B. | Transformation of input to output |
| C. | Production |
| D. | Technology change |
| Answer» D. Technology change | |
| 19. |
Application of technology or process to the raw material to add use value is known as: |
| A. | Product |
| B. | Production |
| C. | Application of technology |
| D. | Combination of technology and process. |
| Answer» C. Application of technology | |
| 20. |
Issuing necessary orders, and taking necessary steps to ensure that the time targets set in the schedules are effectively achieved is known as: |
| A. | Routing |
| B. | Dispatching |
| C. | Scheduling |
| D. | Inspection. |
| Answer» C. Scheduling | |
| 21. |
The card which is prepared by the dispatching department to book the labour involved in each operation is: |
| A. | Labour card |
| B. | Wage card |
| C. | Credit card |
| D. | Job card. |
| Answer» C. Credit card | |
| 22. |
The example of worker involvement, as a recent trend in production/operations management is |
| A. | SCM |
| B. | Just-in-Time |
| C. | Quality Circle |
| D. | MRP |
| Answer» D. MRP | |
| 23. |
In general number of product varieties that can be manufactured in Flow production is: |
| A. | One only |
| B. | Ten to twenty varieties |
| C. | Large varieties |
| D. | Five only. |
| Answer» B. Ten to twenty varieties | |
| 24. |
The act of going round the production shop to note down the progress of work and feedback the information is known as: |
| A. | Follow up |
| B. | Dispatching |
| C. | Routing |
| D. | Trip card |
| Answer» B. Dispatching | |
| 25. |
The act of releasing the production documents to the production department is known as: |
| A. | Planning |
| B. | Routing |
| C. | Dispatching |
| D. | Releasing |
| Answer» D. Releasing | |
| 26. |
With reference to the characteristics of a good product design, which one of the following is referred to the ease of manufacture with minimum cost ? |
| A. | Reliability |
| B. | Productibility |
| C. | Specification |
| D. | Simplification |
| Answer» C. Specification | |