Estimating cost functions MCQs, estimating cost functions quiz answers to learn online accounting courses. Learn cost function and behavior multiple choice questions (MCQs), estimating cost functions quiz questions and answers. Career assessment test on cost estimation methods, regression analysis, estimating cost function using quantitative analysis, regression equation, specification analysis : estimation assumptions, estimating cost functions test prep for accounting certifications.

Practice cost function and behavior test MCQs: range in which relationship exists between level of activity or total cost is called, with choices functional range, relevant range, unit range, and related range for online degree in accounting and finance. Prepare assessment test for scholarships, online learning estimating cost functions quiz questions for competitive assessment in business majors for finance certifications. Estimating Cost Functions Video

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

B

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

C

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

A

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

A

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

D