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Value Engineering, Insurance and Lock In Costs MCQs Quiz Online PDF Download eBook

Solve Value Engineering, Insurance and Lock In Costs Multiple Choice Questions (MCQ), value engineering, insurance and lock in costs quiz answers PDF worksheet, cost accounting practice test for online degree programs. Learn cost management and pricing decisions Multiple Choice Questions and Answers (MCQs), "Value Engineering, Insurance and Lock In Costs" quiz questions and answers for best online business management degree. Learn product budgeting life cycle and costing, pricing strategies, value engineering, insurance and lock in costs test prep for best online business management degree.

"If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under" Multiple Choice Questions (MCQ) on value engineering, insurance and lock in costs with choices designed-in costs, locked-in costs, value added cost, and non-value added cost for best online business management degree. Practice value engineering, insurance and lock in costs quiz questions for merit scholarship test and certificate programs for business administration and management colleges. Value Engineering, Insurance and Lock In Costs Video

MCQs on Value Engineering, Insurance and Lock In Costs PDF Download eBook

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

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

C

MCQ: The costs that are planned in future and has not been incurred are known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. both a and b

A

MCQ: The concept, which states that resources are used to meet particular goals is

  1. cost incurrence
  2. valued incurrence
  3. locked incurrence
  4. non valued incurrence

A

MCQ: The selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of

  1. target pricing
  2. target costing
  3. value engineering
  4. all of above

D

MCQ: The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

D