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MCQs

Total Questions : 138 | Page 12 of 14 pages
Question 111. In the 'specification analysis', the assumptions related to residuals states must be
  1.    worst
  2.    independent
  3.    dependent
  4.    good
 Discuss Question
Answer: Option B. -> independent
Answer: (b).independent
Question 112. In regression analysis, if the observed cost value is 50 and predicted cost value is 7, then the disturbance term will be
  1.    57
  2.    43
  3.    67
  4.    47
 Discuss Question
Answer: Option B. -> 43
Answer: (b).43
Question 113. The deviations between estimated regression line and the vertical deviations are classified as
  1.    fixed terms
  2.    indexed terms
  3.    variable terms
  4.    residual terms
 Discuss Question
Answer: Option D. -> residual terms
Answer: (d).residual terms
Question 114. In quantitative analysis of estimating cost function, the last and foremost step is to
  1.    evaluate variable driver
  2.    evaluate cost driver
  3.    evaluate price driver
  4.    evaluate demand driver
 Discuss Question
Answer: Option B. -> evaluate cost driver
Answer: (b).evaluate cost driver
Question 115. The work measurement method of cost estimation is also called
  1.    price engineering method
  2.    industrial engineering method
  3.    measuring engineering method
  4.    unit engineering method
 Discuss Question
Answer: Option B. -> industrial engineering method
Answer: (b).industrial engineering method
Question 116. The function which is used to measure the decline in per unit cost of different business functions is classified as
  1.    mixed curve
  2.    experience curve
  3.    discrete curve
  4.    fixed curve
 Discuss Question
Answer: Option B. -> experience curve
Answer: (b).experience curve
Question 117. The worse fit between estimated cost and actual observations is shown on regression line with
  1.    larger residual terms
  2.    zero residual terms
  3.    variable residual terms
  4.    smaller residual terms
 Discuss Question
Answer: Option A. -> larger residual terms
Answer: (a).larger residual terms
Question 118. The slope coefficient of linear cost function is
  1.    zero
  2.    one
  3.    two
  4.    three
 Discuss Question
Answer: Option A. -> zero
Answer: (a).zero
Question 119. In estimation of cost function, an example of independent variable is
  1.    level of activity
  2.    quantity stored
  3.    quantity manufactured
  4.    quality of product
 Discuss Question
Answer: Option A. -> level of activity
Answer: (a).level of activity
Question 120. In regression analysis, if an observed cost value is 65 and the disturbance error is 32 then predicted cost value will be
  1.    97
  2.    57
  3.    33
  4.    53
 Discuss Question
Answer: Option C. -> 33
Answer: (c).33

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