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Free "Estimating Cost Function using Quantitative Analysis Study" App with MCQ: Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as; with answers: disadvantage of low high method, disadvantage of high low method, advantage of high low method, and advantage of low high method. Practice Estimating Cost Function using Quantitative Analysis Quiz Questions, download Google e-Book (Free Chapter) for digital academic learning.

Estimating Cost Function using Quantitative Analysis MCQs PDF Download – Prep Test

MCQ 1: Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as:

  1. disadvantage of low high method
  2. disadvantage of high low method
  3. advantage of high low method
  4. advantage of low high method

MCQ 2: The graphical representation of cost driver data and costs are considered as:

  1. plotting the data
  2. plotting the costs
  3. plotting the cost drivers
  4. plotting curved line

MCQ 3: In quantitative analysis to estimate cost function, the fourth step is to:

  1. write a liner function
  2. write price function
  3. write manufacturing function
  4. plot the data

MCQ 4: The large residual term and negative slope of line indicate:

  1. inverse proportion
  2. direct proportion
  3. badness proportions
  4. goodness proportion

MCQ 5: The success of cost reduction initiatives are evaluated by accurate:

  1. cyclical factors
  2. indexed technique
  3. price estimation
  4. cost estimation

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