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MCQs

Total Questions : 138 | Page 2 of 14 pages
Question 11. The second step for estimation of cost function by using quantitative analysis is to
  1.    choose independent variable
  2.    choose cost estimation method
  3.    choose price estimation method
  4.    choose dependent variable
 Discuss Question
Answer: Option A. -> choose independent variable
Answer: (a).choose independent variable
Question 12. The goodness of fit predicted values is also known as
  1.    coefficient of determination
  2.    coefficient of index
  3.    coefficient of residual
  4.    coefficient of prediction
 Discuss Question
Answer: Option A. -> coefficient of determination
Answer: (a).coefficient of determination
Question 13. In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be
  1.    33
  2.    91
  3.    81
  4.    43
 Discuss Question
Answer: Option A. -> 33
Answer: (a).33
Question 14. An estimation of relationship between one independent variable and the dependent variable is known as
  1.    simple regression
  2.    Two way regression
  3.    One variable series
  4.    multiple regression
 Discuss Question
Answer: Option A. -> simple regression
Answer: (a).simple regression
Question 15. The factor used to predict the dependent variable is named as
  1.    independent variable
  2.    function variable
  3.    evaluation variable
  4.    estimation variable
 Discuss Question
Answer: Option A. -> independent variable
Answer: (a).independent variable
Question 16. The higher level of production leads to
  1.    higher repair cost
  2.    higher setup cost
  3.    lower repair cost
  4.    higher setup cost
 Discuss Question
Answer: Option A. -> higher repair cost
Answer: (a).higher repair cost
Question 17. The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as
  1.    conference method
  2.    inference method
  3.    pricing method
  4.    manufacturing method
 Discuss Question
Answer: Option A. -> conference method
Answer: (a).conference method
Question 18. In the linear cost function which is y=a + bx, the objective is to find the
  1.    values of a and b
  2.    values of x and y
  3.    values of a and x
  4.    values of b and y
 Discuss Question
Answer: Option A. -> values of a and b
Answer: (a).values of a and b
Question 19. Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is called
  1.    fixed cost function
  2.    variable cost function
  3.    step variable cost function
  4.    step fixed cost function
 Discuss Question
Answer: Option C. -> step variable cost function
Answer: (c).step variable cost function
Question 20. The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
  1.    times series method
  2.    time horizon method
  3.    aggression method
  4.    regression method
 Discuss Question
Answer: Option D. -> regression method
Answer: (d).regression method

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