Inventory Management and MRP Multiple Choice Questions (MCQ) PDF Download

MCQ 1: An ability of an accounting system, to point out the use of resources in every step of production process is called

1. back-flush trails
2. audit trails
3. trigger trails
4. lead manufacturing trails

MCQ 2: A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as

1. in-time production
2. materials requirement planning
3. on-time production
4. pull strategy of production

MCQ 3: The costing system, which omits some of the journal entries in accounting system is known as

1. in-time costing
2. trigger costing
3. back flush costing
4. lead time costing

MCQ 4: The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as

1. chaining point
2. recording point
3. lead point
4. trigger point

MCQ 5: The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

1. economic accounting
2. back-flush accounting
3. lean accounting
4. lead accounting