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Study bachelor of business administration and MBA degree courses, online accounting degree programs MCQs: range in which relationship exists between level of activity or total cost is called with options functional range, relevant range, unit range and related range for business administrator interview questions and answers with online business majors course preparation. Free skills assessment test is for online learning estimating cost functions quiz questions with MCQs, exam preparation questions and answers for IT business analyst job's test and interview preparation. 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