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Lean Accounting, Target Costing, and Balanced Scoreboard
Quiz by Rafishal
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10 questions
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- Q1Which of the following elements defines a lean manufacturing system?All of the abovewaste eliminationcost reductionvalue creation20s
- Q2Which of the following are not lean thinking principles?strict control using variance analysispursue perfectionuninterrupted value flowvalue streams20s
- Q3An order fulfillment value stream ...Focuses on providing existing product to new customerFocuses on developing new product for new customerFocuses on providing new product to existing customerFocuses on providing current product to current customer10s
- Q4Non value added activities are...A source of wasteUnneccessaryAll avoidable in the long runAll of the above10s
- Q5A value stream...Has only non value added activitiesEmphisizes standard costing controlsHas both value added and non value added activitiesHas only value added activities10s
- Q6A value stream is usually created for . . .Product with the same market sharesProduct that use different processProduct that use common processHeterogeneous product20s
- Q7A cell structure is chosen over a departmental structure because it . . .Reduces costIncreases qualityAll of the aboveReduces inventories20s
- Q8Inventories of a goods awaiting further processing or consumption are . . .A form of waste not valued by customerNeeded to ensure JIT deliveries to customerVital for continuous flow manufacturingNeeded to prevent stock-outs10s
- Q9Three cost reduction methods are typically used . . .Value analysisAll of the aboveProcess improvementReverse engineering20s
- Q10Four different perspective of balanced scorecard are . . .Financial; customer; internal business process; learning and growthMarketing; customer; internal business process; learning and growthHuman Resources; customer; internal business process; learning and growthFinancial; customer; external business process; learning and growth20s