Question

The type of relationship stating "how changes in cost driver drives cause changes in cost" will be termed as

a.

marginal plausibility

b.

economic plausibility

c.

financial plausibility

d.

market plausibility

Answer: (b).economic plausibility

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. The type of relationship stating "how changes in cost driver drives cause changes in cost" will be termed as

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. The slope coefficient of cost function is zero because it intersects the

Q. An assumption of specification analysis, which states all the values of residuals which are uniformly scattered around regression line is classified as

Q. The goodness of fit is used to measure the wellness of

Q. The slope coefficient is 0.75 and the difference in machine hours is $65000, then difference in cost would be

Q. In regression equation, an evaluation criteria considers the significance of

Q. The high-low method is used for estimation of

Q. All the conditions or assumptions of regression analysis in simple regression can give

Q. Industrial engineering method is used to analyze the relationship between

Q. The residual term is also considered as

Q. The percentage of variation in the 'Y' explained by the 'X' is measured by

Q. The small residual terms and positive slope of line indicate

Q. An analysis of data over successive past periods, which pertain to some plant, activity and organization is called

Q. The individual variable coefficient's multicollinearity leads to

Q. The constant variance is classified in assumptions testing as

Q. As compared to cumulative average-time learning model, the learning model which predicts more cumulative total time to produce more units is known as

Q. The model, in which the produced unit doubles every time as the cumulative average time per unit decreases, by a constant percentage can be classified as

Q. In the specification analysis, the assumptions related to variance state that:

Q. If the slope coefficient is 0.60 and the difference in machine hours is $50000, then difference in cost can be

Q. The fifth step in quantitative analysis of estimating cost function is to

Q. The lower level of production leads to

Recommended Subjects

Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!