Cost Estimation Methods Multiple Choice Questions with Answers – PDF Download

MCQ 1: Industrial engineering method is used to analyze the relationship between:

1. marketing and financing
2. price and costs
3. input and output
4. units and batches

MCQ 2: An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as:

1. manufacturing analysis method
2. price analysis method
3. unit analysis method
4. account analysis method

MCQ 3: The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as:

1. conference method
2. inference method
3. pricing method
4. manufacturing method

MCQ 4: The work measurement method of cost estimation is also called:

1. price engineering method
2. industrial engineering method
3. measuring engineering method
4. unit engineering method

MCQ 5: The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as:

1. quantitative analysis method
2. qualitative analysis method
3. account analysis method
4. conference analysis method