Value Engineering, Insurance and Lock In Costs MCQs Quiz Online PDF Download

Learn value engineering, insurance and lock in costs MCQs, cost accounting test for online learning courses, test prep to practice test. Cost management and pricing decisions quiz has multiple choice questions (MCQ), value engineering, insurance and lock in costs quiz questions and answers, product budgeting life cycle and costing, value engineering, insurance and lock in costs tutorials for online double entry accounting courses distance learning.

Cost accounting practice test MCQ: if cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under with options designed-in costs, locked-in costs, value added cost and non-value added cost with chapters' questions, research titles and topic wise online trivia quizzes for exam prep. Free study guide is for online learning value engineering, insurance and lock in costs quiz with MCQs to practice test questions with answers. Value Engineering, Insurance and Lock In Costs Video

MCQs on Value Engineering, Insurance and Lock In Costs Quiz PDF Download

MCQ: If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

C

MCQ: Costs that are planned in future and has not been incurred are known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. both a and b

A

MCQ: Concept, which states that resources are used to meet particular goals is

  1. cost incurrence
  2. valued incurrence
  3. locked incurrence
  4. non valued incurrence

A

MCQ: Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of

  1. target pricing
  2. target costing
  3. value engineering
  4. all of above

D

MCQ: Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost

D