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Estimating Costs MCQs Quiz Online PDF Download eBook

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"Considering accumulated production experience, the decreasing in average cost is classified as" Multiple Choice Questions (MCQ) on estimating costs with choices experience curve, learning curve, observational curve, and both a and b for business admin degree online. Practice estimating costs quiz questions for merit scholarship test and certificate programs for online schools for business management.

MCQs on Estimating Costs PDF Download eBook

MCQ: Considering accumulated production experience, the decreasing in average cost is classified as

  1. experience curve
  2. learning curve
  3. observational curve
  4. both A and B

D

MCQ: The floor of the product's price is set with the help of

  1. supply
  2. cost
  3. discount and allowance
  4. demand

B

MCQ: The overhead costs are also known as

  1. employees' salaries
  2. labor wages
  3. fixed costs
  4. variable costs

C

MCQ: If the fixed cost is $18000 and the variable cost is $16000 then the total cost is

  1. $18,000
  2. $16,000
  3. $340,000
  4. $34,000

D

MCQ: The cost of products that fluctuate with the level of production are classified as

  1. total costs
  2. augmented costs
  3. variable costs
  4. fixed costs

C