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Advanced Multiple Choice Quiz
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1Which of the following are techniques aimed at improving business processes? (There may be more than one)
(Learning Objective 1 Ch 18)
A)Benchmarking
B)Business Process re-engineering
C)Relevant costing
D)Variance analysis


2Norwich Company has determined the following costs are associated with one of its products.
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The Economic order quantity (EOQ) is
(Learning Objective 2 Ch 18)
A)10 units.
B)74 units.
C)60 units.
D)25 units.


3The plant layout under JIT emphasises:
(Learning Objective 3 Ch 18)
A)a functional approach in which machines performing the same function are grouped together.
B)a product approach in which all machines needed in the production of a particular product are grouped together.
C)a customer approach in which all machines are grouped according to the customers they primarily serve.
D)a contractual approach in which the processing of certain subassemblies is performed by a small number of independent machine shops under contract to the manufacturing company.


4The main benefits of a JIT system of production are: (more than one answer may be correct)
(Learning Objective 4 Ch 18)
A)a reduction in working capital needs
B)The chances of a production line being halted due to lack of raw materials is reduced
C)A company is less vulnerable to the shortcomings of its suppliers
D)Customer response time is improved


5Which of the following is a disadvantage of ERP?
(Learning Objective 5 Ch 18)
A)Single point data entry
B)creates a multi-skilled workforce
C)Reduced headcounts
D)Costly and time consuming to implement


6The role of management accounting has moved from valuing inventory to measuring performance.
(Learning Objective 6 Ch 18)
A)True
B)False


7Which of the following is an appraisal cost?
(Learning Objective 7 Ch 18)
A)Systems development
B)Testing and inspection
C)Cost of reworks
D)Warranty repairs


8Which of the following is not a characteristic of Total Quality Management?
(Learning Objective 8 Ch 18)
A)Plan-do-check-act
B)Continuous improvement
C)Economic order quantities
D)Customer retention


9Benchmarking is the process of comparing a company’s financial performance with that of a competitor
(Learning Objective 9 Ch 18)
A)True
B)False


10A central idea of process reengineering is that all activities that do not add value to a product or service should be eliminated.
(Learning Objective 10 Ch 18)
A)True
B)False





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