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Cost Management and Pricing Decisions Multiple Choice Questions 1 PDF Download

Practice cost management and pricing decisions multiple choice questions (MCQs), cost accounting test 1 for online exams. Practice cost based pricing MCQs questions and answers on cost based pricing, product budgeting life cycle and costing, value engineering, insurance and lock in costs with answers. Free cost management and pricing decisions quiz, online study guide has helping answer key with choices as life cycle budgeting method, product life cycle method, life cycle costing method and time and material method of multiple choice questions as pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as to test learning skills for viva exam preparation and job's interview questions. Study to learn cost based pricing quiz questions with online learning MCQs for competitive exam preparation test. Cost Based Pricing Video

MCQ on Cost Management and Pricing Decisions Quiz PDF Download Test 1

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

  1. product life cycle method
  2. life cycle budgeting method
  3. life cycle costing method
  4. time and material method

D

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

  1. price incurrence
  2. price discrimination
  3. price targeting
  4. price engineering

B

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

  1. budgeted life cycle
  2. targeted life cycle
  3. customer life cycle
  4. operating life cycle

C

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

  1. $15
  2. $12
  3. $16
  4. $18

B