Bachelor Of Business Administration

Cost Accounting MCQs

BBA: Cost Accounting MCQs - Subtopic

Value Engineering, Insurance and Lock In Costs MCQ with Answers

Value Engineering, Insurance and Lock In Costs Multiple Choice Questions (MCQ) to solve value engineering, insurance and lock in costs quiz answers PDF worksheet, cost accounting test for online courses. Practice 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 value engineering, insurance and lock in costs, product budgeting life cycle and costing, cost based pricing 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. Solve value engineering, insurance and lock in costs quiz questions for merit scholarship test and certificate programs for business administration and management colleges.

MCQs on Value Engineering, Insurance and Lock In Costs

1.

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

2.

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

designed-in costs
locked-in costs
value added cost
both a and b

3.

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

cost incurrence
valued incurrence
locked incurrence
non valued incurrence

4.

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

target pricing
target costing
value engineering
all of above

5.

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

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