Correct Answer:
B. Continuous small cost reductions during the manufacturing stage
Kaizen means continuous improvement.
November 13, 2026 · Accounting and Finance MCQs, Cost & Management Accounting MCQs
Kaizen costing focuses on:
Related MCQs
Dividend per share is Rs. 5 and market price per share is Rs. 100. The dividend yield is:
A.
20%
B.
0.5%
C.
5%
D.
50%
Correct answer is:
C. 5%
Do you agree with this answer?
The Supreme Audit Institution (SAI) of Pakistan is:
A.
The Securities and Exchange Commission of Pakistan
B.
The Federal Board of Revenue
C.
The Auditor-General of Pakistan
D.
The State Bank of Pakistan
Correct answer is:
C. The Auditor-General of Pakistan
Do you agree with this answer?
Financial independence of a Supreme Audit Institution means that:
A.
It has adequate resources and control over its budget to perform its mandate
B.
It is financed by the audited entities
C.
It has no budget
D.
It depends on ministers for funds each month
Correct answer is:
A. It has adequate resources and control over its budget to perform its mandate
Do you agree with this answer?
Horizontal (trend) analysis compares:
A.
Items within one period only
B.
Financial statement items over several periods
C.
Two different industries
D.
Debits and credits
Correct answer is:
B. Financial statement items over several periods
Do you agree with this answer?
Tax-to-GDP ratio is calculated as:
A.
GDP divided by tax revenue
B.
Total revenue divided by total expenditure
C.
Tax revenue divided by GDP, expressed as a percentage
D.
Public debt divided by GDP
Correct answer is:
C. Tax revenue divided by GDP, expressed as a percentage
Do you agree with this answer?
A qualified opinion is issued when misstatements are:
A.
Material but not pervasive
B.
Both material and pervasive
C.
Immaterial
D.
Not found at all
Correct answer is:
A. Material but not pervasive
Do you agree with this answer?
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