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MCQs

Total Questions : 146 | Page 10 of 15 pages
Question 91. An insensitivity of demand in relevance to change in price will be called
  1.    demand elasticity
  2.    price elasticity
  3.    price inelasticity
  4.    demand inelasticity
 Discuss Question
Answer: Option D. -> demand inelasticity
Answer: (d).demand inelasticity
Question 92. The target price is subtracted from per unit target operating income to calculate
  1.    total current full cost
  2.    total cost per unit
  3.    target operating income per unit
  4.    target cost per unit
 Discuss Question
Answer: Option D. -> target cost per unit
Answer: (d).target cost per unit
Question 93. The 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
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 94. The 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
 Discuss Question
Answer: Option A. -> cost incurrence
Answer: (a).cost incurrence
Question 95. An estimated cost per unit in long run, which enables the company to achieve it's per unit target, operating income is classified as
  1.    target operating income per unit
  2.    target cost per unit
  3.    total current full cost
  4.    total cost per unit
 Discuss Question
Answer: Option B. -> target cost per unit
Answer: (b).target cost per unit
Question 96. The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a
  1.    fixed batch cost
  2.    variable batch cost
  3.    variable overhead cost
  4.    fixed overhead cost
 Discuss Question
Answer: Option D. -> fixed overhead cost
Answer: (d).fixed overhead cost
Question 97. The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as
  1.    designed-in costs
  2.    locked-in costs
  3.    value added cost
  4.    non-value added cost
 Discuss Question
Answer: Option D. -> non-value added cost
Answer: (d).non-value added cost
Question 98. The systematic evaluation of value chain, to reduce costs and high quality, to achieve satisfied customers is known as
  1.    reverse engineering
  2.    value engineering
  3.    target engineering
  4.    operation engineering
 Discuss Question
Answer: Option B. -> value engineering
Answer: (b).value engineering
Question 99. The companies that perform in competitive markets using the pricing approach are known as
  1.    independent revenue approach
  2.    market based approach
  3.    dependent revenue approach
  4.    cost based approach
 Discuss Question
Answer: Option B. -> market based approach
Answer: (b).market based approach
Question 100. The major approaches to make decisions about pricing include
  1.    market based
  2.    sunk cost
  3.    cost based
  4.    both a and c
 Discuss Question
Answer: Option D. -> both a and c
Answer: (d).both a and c

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