The 'Kaizen Costing' focuses on: MCQ with Answer and Explanation

The 'Kaizen Costing' focuses on:
A. Discontinuing products
B. Capital budgeting
C. Continuous improvement and cost reduction during the production phase
D. New product design
Answer: Option C
Solution (By JKSSB Mock Tests)
Kaizen is a Japanese concept of continuous small improvements.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
A: The Contingency Fund of India is established to meet unforeseen expenditures. R: The President can make advances from this fund without parliamentary approval. Choose the correct option.
A. A is true but R is false
B. Both A and R are true and R is the correct explanation of A
C. Both A and R are true but R is NOT the correct explanation of A
D. A is false but R is true

Correct Answer: Option B


Explanation:
The Contingency Fund of India is an imprest held by the President to meet urgent, unforeseen expenditures. The President can authorize advances from it, which are later regularized by Parliament. R correctly explains the mechanism.

Question #2
Which ratio measures the profitability of a business relative to shareholders' funds?
A. Return on equity (ROE)
B. Net profit ratio
C. Gross profit ratio
D. Current ratio

Correct Answer: Option A


Explanation:
ROE = Net Profit / Shareholders' Equity. It measures how effectively management is using equity to generate profit.

Question #3
Which of the following is NOT a feature of cash basis accounting?
A. Complies with matching principle
B. Used by small professionals
C. Records only cash transactions
D. Simple to maintain

Correct Answer: Option A


Explanation:
Cash basis does not follow the matching principle, as revenues and expenses are recorded only when cash is exchanged.