MCQ Questions
Q.1.
Costs incurred to detect poor-quality goods or services are ____
  • 0%
    External failure costs
  • 0%
    Unit-level costs
  • 0%
    Prevention costs
  • 0%
    Appraisal costs
Q.2.
____ is a management philosophy of delighting customers with superior products and services by continually setting higher goals and improving every business function
  • 0%
    Kaizen
  • 0%
    Activity-based costing
  • 0%
    TQM
  • 0%
    Lean thinking
Q.3.
____ is a storage system used to reduce the waste of transportation and movement, in which tools, materials, and equipment are stored in proximity to where they will be used most frequently
  • 0%
    Lean thinking
  • 0%
    Kaizen
  • 0%
    POUS
  • 0%
    TQM
Q.4.
The costs incurred for every batch, regardless of the number of units in the batch, are known as ____
  • 0%
    Batch-level costs
  • 0%
    Unit-level costs
  • 0%
    Appraisal costs
  • 0%
    Product-level costs
Q.5.
____ are costs incurred when defects in poor-quality goods or services are corrected before making delivery to customers
  • 0%
    Internal failure costs
  • 0%
    External failure costs
  • 0%
    Activity-based costing
  • 0%
    Facility-level costs
Q.6.
The time that elapses between the start of production and the product's completion is known as ____
  • 0%
    Takt time
  • 0%
    Product-level costs
  • 0%
    Batch-level costs
  • 0%
    Manufacturing cycle time
Q.7.
____ focuses on activities as fundamental building blocks in compiling the indirect costs of products, services, and customers
  • 0%
    Internal failure costs
  • 0%
    Activity-based management
  • 0%
    Activity-based costing
  • 0%
    Facility-level costs
Q.8.
Using activity-based costing information to make decisions that increase profits while satisfying customer's needs is
  • 0%
    Activity-based management
  • 0%
    Internal failure costs
  • 0%
    Activity-based costing
  • 0%
    Facility-level costs
Q.9.
The costs incurred for a particular product, regardless of the number of units or batches of the product produced, are known as ____
  • 0%
    Batch-level costs
  • 0%
    Facility-level costs
  • 0%
    Product-level costs
  • 0%
    External failure costs
Q.10.
____ is the management philosophy and strategy focused on creating value for the customer by eliminating waste
  • 0%
    Lean thinking
  • 0%
    Manufacturing cycle time
  • 0%
    Internal failure costs
  • 0%
    Activity-based costing
Q.11.
Costs incurred when the company does not detect poor-quality goods or services until after delivery is made to customers are ____
  • 0%
    Appraisal costs
  • 0%
    Internal failure costs
  • 0%
    Product-level costs
  • 0%
    External failure costs
Q.12.
____ is a Japanese word meaning "change for the better"
  • 0%
    Kaizen
  • 0%
    TQM
  • 0%
    Unit-level costs
  • 0%
    Lean thinking