Implementation of best practices is the aim of:

• A) kaizen costing
• B) Benchmarking
• C) Just-in-time
• D) All of the given options

Reverse engineering is also known as ________.

• A) tear down analysis
• B) value analysis
• C) growth analysis
• D) benchmarking analysis

When supplying and receiving divisions are located in different countries with different tax rates, ______ method is used for transfer pricing.

• A) international transfer pricing
• B) mutual transfer pricing
• C) domestic transfer pricing
• D) All of the given options

For zero-based budgeting, expenditure incurred on advertising, R&D and employee training etc. can be considered as ________________ costs

• A) organizational
• B) deferred
• C) discretionary
• D) flexible

Which of the following is considered a type of transfer pricing methods?

• A) All of the given options
• B) Cost-plus transfer prices
• C) Cost-minus transfer prices
• D) Cost-average transfer prices

Occupancy is included in which of the following costing systems?

• A) Activity based costing
• B) Traditional costing
• C) Kaizen costing
• D) Value costing

Transfer pricing methods have _______ types, which can be used by the companies.

• A) five
• B) two
• C) three
• D) four

When company's most of the profits are located in the low tax rate country, ________ method is used for transfer pricing.

• A) Tax pricing
• B) mutual transfer pricing
• C) domestic transfer pricing
• D) international transfer pricing

In benchmarking, which of the following organizations are considered for improving the quality of the products?

• A) Non-rival organizations
• B) Similar organizations
• C) Rival organizations
• D) Competitive organizations

Which of the following item(s) is(are) considered in traditional performance report?

• A) Staff training
• B) Depreciation of plant and machinery
• C) Scheduling existing and new production runs
• D) Research and development

Which costing system is being implemented when the organization is manufacturing the products in the batch size of one?

• A) Just-in-time
• B) Kaizen costing
• C) Zero based budgeting
• D) Benchmarking

Estimation of actual cost of the product is the _____ stage of target costing.

• A) third
• B) second
• C) forth
• D) first

The matching concept considers the following items:

• A) Related cash flows
• B) Revenues
• C) Expenses
• D) All of the given options

Which of following costing technique is used by most of the Japanese organizations for cost reduction?

• A) Kaizen costing
• B) Traditional costing
• C) Direct costing
• D) Activity based costing

The aim of Activity based budgeting refers to:

• A) Non-supply of resources
• B) Late supply of resources
• C) All of the given options
• D) Optimized supply of resources

Determination of the target price which customers will be prepared to pay for the product is the ______ stage of target costing.

• A) second
• B) first
• C) third
• D) forth

Arm length principle is used in ________.

• A) domestic transfer pricing
• B) international transfer pricing
• C) mutual transfer pricing
• D) tax pricing

Which of the following budgets help the firms to identify the state cash balances?

• A) Sales budget
• B) Purchase budget
• C) Cash budget
• D) Debtors budget

Which costing approach advocates the 100% in time delivery of products?

• A) Just-in-time
• B) Benchmarking
• C) Time value added
• D) Value chain

Deduction of a target profit margin to determine target cost is the _______ stage of target costing.

• A) forth
• B) first
• C) second
• D) third