Cost Estimation Methods MCQs with Answers PDF Download – Test 174

MCQ 866: 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

MCQ 867: Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as:

1. outsourcing
2. insourcing
3. idle sourcing
4. sunk sourcing

MCQ 868: The division of all the costs related to customers on the basis of different cost allocation bases or cost drivers are called:

1. customer cost hierarchy
2. customer profitability hierarchy
3. treasury costing hierarchy
4. partial costing hierarchy

MCQ 869: An approach which is used to manage unused capacity is:

1. reengineering
2. downsizing
3. upgrading
4. none of above

MCQ 870: The third step in estimation of cost function, by using quantitative analysis is collection of data for:

1. cost and cost object
2. price and cost driver
3. dependent variable and cost driver
4. independent variable and cost driver