Cost Function and Behavior MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Function and Behavior, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Function and Behavior MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Cost Function and Behavior mcq questions that explore various aspects of Cost Function and Behavior problems. Each MCQ is crafted to challenge your understanding of Cost Function and Behavior principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Cost Function and Behavior MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Cost Function and Behavior. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Cost Function and Behavior knowledge to the test? Let's get started with our carefully curated MCQs!

Cost Function and Behavior MCQs | Page 2 of 14

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Q11.
The number of observations in regression analysis is considered as
Discuss
Answer: (d).degree of freedom
Q12.
Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as
Discuss
Answer: (b).disadvantage of high low method
Q13.
The graphical representation of cost driver data and costs are considered as
Discuss
Answer: (a).plotting the data
Q14.
Evaluation criteria of regression equation must be considered as
Discuss
Answer: (d).all of above
Q15.
In assumptions of specific analysis, the normality of residuals is satisfied with the use of
Discuss
Answer: (b).real cost data
Q16.
In quantitative analysis to estimate cost function, the fourth step is to
Discuss
Answer: (d).plot the data
Q17.
A concept used to define the learning curve in broader application is called
Discuss
Answer: (d).experience curve
Q18.
The large residual term and negative slope of line indicate
Discuss
Answer: (a).inverse proportion
Q19.
The success of cost reduction initiatives are evaluated by accurate
Discuss
Answer: (d).cost estimation
Q20.
Which one of the following is the main advantage of quantitative method?
Discuss
Answer: (c).objective