Inventory Management and MRP Multiple Choice Questions with Answers – 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