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Cost Accounting MCQ Questions

Cost Accounting MCQs - Chapter

Cost Management and Pricing Decisions Multiple Choice Questions and Answers PDF p. 1

Practice Cost Management and Pricing Decisions multiple choice questions and answers, BBA quiz answers PDF to solve Cost Accounting worksheets 1 for online colleges. Solve cost based pricing MCQs, Cost Management and Pricing Decisions trivia questions and answers for admission and merit scholarships test. "Cost Management and Pricing Decisions MCQ" PDF book: cost based pricing, product budgeting life cycle and costing, value engineering, insurance and lock in costs career test for online BBA business administration.

"The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as" Multiple Choice Questions (MCQ) on cost management and pricing decisions with choices life cycle budgeting method, product life cycle method, life cycle costing method, and time and material method for online bachelor degree programs in business administration. Practice cost based pricing quiz questions for jobs' assessment test and online courses for online college courses for business management.

MCQs on Cost Management & Pricing Decisions Quiz

1.

The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as

product life cycle method
life cycle budgeting method
life cycle costing method
time and material method

2.

The practice by seller, about offering same product at different prices, to the different customers is known as

price incurrence
price discrimination
price targeting
price engineering

3.

The total cost incur by customer to use, acquire, maintain and dispose service or product is classified as

budgeted life cycle
targeted life cycle
customer life cycle
operating life cycle

4.

If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under

designed-in costs
locked-in costs
value added cost
non-value added cost

5.

If total production is 25000 units and target annual operating income is $300000, then target operating income per unit would be

$15
$12
$16
$18