Estimating Cost Functions MCQs Quiz Online PDF Download

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MCQs on Estimating Cost FunctionsQuiz PDF Download

MCQ: Range in which relationship exists between level of activity or total cost is called

  1. functional range
  2. relevant range
  3. unit range
  4. related range


MCQ: A helpful technique, for accurate forecasts about costs to be incurred in future is a part of

  1. unit estimation
  2. production estimation
  3. cost estimation
  4. price estimation


MCQ: Component of total cost, which never changes with change in level of production is classified as

  1. fixed cost
  2. constant
  3. variable
  4. both a and b


MCQ: Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as

  1. cost function
  2. revenue function
  3. unit function
  4. relative function


MCQ: An amount by which total cost changes with respect to change in level of activity is classified as

  1. activity coefficient
  2. cost coefficient
  3. change coefficient
  4. slope coefficient