The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as ___________?

Related Mcqs:

1. The worse fit between estimated cost and actual observations is shown on regression line with ___________?

   A. larger residual terms
   B. zero residual terms
   C. variable residual terms
   D. smaller residual terms

2. The better fit between estimated cost and actual observations is represented by ___________?

   A. variable residual terms
   B. smaller residual terms
   C. larger residual terms
   D. zero residual terms

3. The line which uses to join observations with lower and highest values of cost driver is called ___________?

   A. straight line
   B. curved line
   C. horizontal line
   D. vertical line

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

   A. economic series
   B. financial series
   C. time series
   D. analytical series

5. The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

   A. conference method
   B. inference method
   C. pricing method
   D. manufacturing method

6. The relationship between cost and cost driver is economically plausible if the goodness of fit _________?

   A. has meaning
   B. has no meaning
   C. has index values
   D. has no index values

7. The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

   A. cost function
   B. revenue function
   C. unit function
   D. relative function

8. The Regression Analysis Method of quantitative analysis of cost function considers ____________?

   A. all data points
   B. One data point
   C. Two data points
   D. Four data points

9. The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?

   A. cost estimation
   B. price estimation
   C. unit estimation
   D. production estimation

10. The method, which considers the cost and cost drivers of departments such as employee relations and process engineering is termed as __________?

    A. pricing method
    B. manufacturing method
    C. conference method
    D. inference method