Data Collection and Adjustment Issues Multiple Choice Questions (MCQ) PDF Download

MCQ 1: The relationship between cost and cost drivers is

1. stationary
2. not stationary
3. intrinsic
4. extrinsic

MCQ 2: In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through

1. price index
2. cost index
3. profit index
4. cost driver index

MCQ 3: If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of

1. data of fixed cost
2. cost driver of data
3. pool of data
4. cost object of data

MCQ 4: In adjustment issues of costing, the database must contain reliable measure of

1. fixed cost driver
2. cost driver and cost
3. cost driver and object
4. mixed cost driver

MCQ 5: In adjustment issues and data collection, the inflation affects the

1. cost driver and cost
2. cost object and cost
3. heterogeneous cost
4. homogenous cost