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MCQOPTIONS
This section includes 156 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
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 |
| Answer» B. price estimation | |
| 102. |
The relationship between cost and cost driver is plausible economically if the goodness of fit |
| A. | has meaning |
| B. | has no meaning |
| C. | has index values |
| D. | has no index values |
| Answer» B. has no meaning | |
| 103. |
In the linear cost function which is y = a + bx, the y is classified as |
| A. | predicted fixed cost |
| B. | predicted variable cost |
| C. | predicted cost |
| D. | predicted price |
| Answer» D. predicted price | |
| 104. |
The standard error of regression analysis is classified as |
| A. | average of coefficient |
| B. | variance of residual |
| C. | mean of residual |
| D. | average of residual |
| Answer» C. mean of residual | |
| 105. |
The method which considers lowest and highest values of cost driver and cost within relevant range is called |
| A. | low high method |
| B. | constant equation |
| C. | variable equation |
| D. | high low method |
| Answer» E. | |
| 106. |
The small residual terms and positive slope of line indicates |
| A. | badness proportions |
| B. | goodness proportion |
| C. | inversely proportion |
| D. | directly proportion |
| Answer» E. | |
| 107. |
If the residual error is 35 and the predicted cost value is 20 then the observed cost value is |
| A. | 55 |
| B. | 15 |
| C. | 65 |
| D. | 85 |
| Answer» B. 15 | |
| 108. |
The cost analysis method which uses mathematical method to use fit between past data observations and cost functions is classified as |
| A. | quantitative analysis method |
| B. | qualitative analysis method |
| C. | account analysis method |
| D. | conference analysis method |
| Answer» B. qualitative analysis method | |
| 109. |
The vertical dashed line in graphical representation of cost function represents the |
| A. | cost representation |
| B. | irrelevant range |
| C. | relevant range |
| D. | graphical representation |
| Answer» D. graphical representation | |
| 110. |
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 |
| Answer» B. revenue function | |
| 111. |
if all the conditions or assumptions of regression analysis then simple regression give |
| A. | dependent estimation |
| B. | independent estimation |
| C. | reliable estimates |
| D. | unreliable estimates |
| Answer» D. unreliable estimates | |
| 112. |
The cause and effect relationship that exists between change in total cost level and change in level of activity is measured with the help of |
| A. | production driver |
| B. | cost driver |
| C. | price driver |
| D. | estimation driver |
| Answer» C. price driver | |
| 113. |
The individual activities such as machine setups, material handling, customer service and distribution of products are considered in |
| A. | activity based costing |
| B. | margin based costing |
| C. | goodness of costing |
| D. | handling based costing |
| Answer» B. margin based costing | |
| 114. |
The amount by which the total cost changes respective to the change occurs in level of activity is classified as |
| A. | activity coefficient |
| B. | cost coefficient |
| C. | change coefficient |
| D. | slope coefficient |
| Answer» E. | |
| 115. |
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 |
| Answer» B. one data point | |
| 116. |
in cost function estimation, the ignoring of information from all points but considering two observation point is classified as |
| A. | disadvantage of low high method |
| B. | disadvantage of high low method |
| C. | advantage of high low method |
| D. | advantage of low high method |
| Answer» C. advantage of high low method | |
| 117. |
The cost pattern which occurs when production inputs are to be used in discrete functions but the quantities are fractional is classified as |
| A. | continuously variable cost function |
| B. | fixed cost function |
| C. | mixed cost function |
| D. | semi variable cost function |
| Answer» B. fixed cost function | |
| 118. |
In mulitcollinearity, the correlation coefficient between two independent variables must be greater than |
| A. | 0.7 |
| B. | 0.6 |
| C. | 0.5 |
| D. | 0.4 |
| Answer» B. 0.6 | |
| 119. |
The stages in the brand development according to successive quadrants are considered as |
| A. | brand grid |
| B. | power grid |
| C. | reporting grid |
| D. | knowledge grid |
| Answer» B. power grid | |
| 120. |
The report on company's past performance which also indicates current value of the brand is considered as |
| A. | brand stature |
| B. | brand value |
| C. | brand awareness |
| D. | brand knowledge |
| Answer» B. brand value | |
| 121. |
The focus on customers evaluations and opinions is classified as |
| A. | brand judgments |
| B. | brand resonance |
| C. | brand emotions |
| D. | brand conversation |
| Answer» B. brand resonance | |
| 122. |
In BVA, the degree to which the brand is seen different with its perceived leadership and momentum is classified as |
| A. | energized differentiation |
| B. | energized similarities |
| C. | perceived differences |
| D. | perceived similarities |
| Answer» B. energized similarities | |
| 123. |
The graphs which represents data on maps are considered as |
| A. | cartograms |
| B. | picto-graph |
| C. | pictograms |
| D. | symmetry graph |
| Answer» B. picto-graph | |
| 124. |
The first step in constructing the frequency distribution is to |
| A. | select appropriate class intervals |
| B. | determine class intervals |
| C. | determine class limits |
| D. | determine midpoints of classes |
| Answer» B. determine class intervals | |
| 125. |
The area diagrams and surface diagrams are other names of |
| A. | single dimension diagrams |
| B. | two dimensional diagrams |
| C. | three dimensional diagrams |
| D. | four dimension diagrams |
| Answer» C. three dimensional diagrams | |
| 126. |
The stem and leaf displaying technique is used to present data in |
| A. | descriptive data analysis |
| B. | exploratory data analysis |
| C. | nominal data analysis |
| D. | ordinal data analysis |
| Answer» C. nominal data analysis | |
| 127. |
The sub-divided bar charts are considered best to be used if the information is presented in |
| A. | negative values |
| B. | ratios or percentages |
| C. | mean deviations |
| D. | positive values |
| Answer» C. mean deviations | |
| 128. |
The indicator which determines future value and growth is classified as |
| A. | brand value |
| B. | brand strength |
| C. | brand awareness |
| D. | brand knowledge |
| Answer» C. brand awareness | |
| 129. |
According to beta, the platykurtic distribution is one in which the |
| A. | beta three is greater than three |
| B. | beta two is greater than three |
| C. | beta three is less than three |
| D. | beta two is greater than two |
| Answer» D. beta two is greater than two | |
| 130. |
In kurtosis, the frequency curve that has flatten top than normal curve of bell shaped distribution is classified as |
| A. | leptokurtic |
| B. | platykurtic |
| C. | mega curve |
| D. | mesokurtic |
| Answer» C. mega curve | |
| 131. |
The customer driven marketing strategy is another name of |
| A. | The selling concept |
| B. | The marketing concept |
| C. | The product concept |
| D. | The societal marketing concept |
| Answer» C. The product concept | |
| 132. |
The 'limited fit' between customer needs and company's product is shown by |
| A. | Barnacles |
| B. | Butterflies |
| C. | True friends |
| D. | Strangers |
| Answer» B. Butterflies | |
| 133. |
The number of processes in which employees can make decisions are divided by total number of processes to calculate |
| A. | employee turnover ratio |
| B. | employee empowerment ratio |
| C. | employee satisfaction ratio |
| D. | employee training percentage |
| Answer» C. employee satisfaction ratio | |
| 134. |
Considering individual customers, the purchasing portion of each buyer is called |
| A. | Share of customer |
| B. | Customer equity |
| C. | Customer lifetime value |
| D. | None of above |
| Answer» B. Customer equity | |
| 135. |
The method of calculating coefficient of skewness by Karl Pearson method is useful for the type of distributions that are |
| A. | non concentrated |
| B. | open ended |
| C. | close ended |
| D. | concentrated |
| Answer» C. close ended | |
| 136. |
The degree or extent to which the frequency of the observations in data set are concentrated in given frequency distribution is classified as |
| A. | alpha system |
| B. | gamma system |
| C. | beta system |
| D. | kurtosis |
| Answer» E. | |
| 137. |
The types of costs of quality consists of |
| A. | appraisal costs |
| B. | internal and external failure costs |
| C. | prevention costs |
| D. | all of above |
| Answer» E. | |
| 138. |
The resources such as oil, coal, gas and other minerals are known as |
| A. | renewable resources |
| B. | non renewable resource |
| C. | Both a and b |
| D. | none of above |
| Answer» C. Both a and b | |
| 139. |
The 'natural forces or factors' are considered in company's environment called |
| A. | Macroenvironment |
| B. | Microenvironment |
| C. | Both a and b |
| D. | None of above |
| Answer» B. Microenvironment | |
| 140. |
The close factors affecting the company's ability to serve its customers are referred as |
| A. | Microenvironment |
| B. | Macroenvironment |
| C. | Both a and b |
| D. | None of the above |
| Answer» B. Macroenvironment | |
| 141. |
The rates are placed in percentages in performance categories is followed in |
| A. | graphic rating scale method |
| B. | forced distribution method |
| C. | alternation ranking method |
| D. | paired comparison method |
| Answer» C. alternation ranking method | |
| 142. |
The aim of performance appraisal is to |
| A. | fire the employee |
| B. | motivate the employee |
| C. | counsel the employee |
| D. | hire the employee |
| Answer» C. counsel the employee | |
| 143. |
The performance rating as good or bad on the numerical rating scale is called |
| A. | critical incident method |
| B. | forced distribution method |
| C. | behaviorally anchored rating scale |
| D. | paired comparison method |
| Answer» D. paired comparison method | |
| 144. |
Aligning and evaluating the employee's performance with that of company's set goals is called |
| A. | appraisal management |
| B. | performance management |
| C. | hierarchy of management |
| D. | off-the-job training |
| Answer» C. hierarchy of management | |
| 145. |
The efficiency variance is 200 units and the actual input quantity is 750 units then the budgeted input quantity is |
| A. | 275 units |
| B. | 125 units |
| C. | 550 units |
| D. | 650 units |
| Answer» D. 650 units | |
| 146. |
The supplies, plant maintenance, plant rent, plant insurance and cleaning labor are considered as |
| A. | labor costs |
| B. | factory overhead costs |
| C. | finished costs |
| D. | manufacturing costs |
| Answer» C. finished costs | |
| 147. |
The health care premium for workers and the pension costs are included in |
| A. | payroll fringe costs |
| B. | health costs |
| C. | premium costs |
| D. | workers costs |
| Answer» B. health costs | |
| 148. |
The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000 then conversion cost is |
| A. | $47,000 |
| B. | $33,000 |
| C. | $57,000 |
| D. | $18,000 |
| Answer» B. $33,000 | |
| 149. |
The direct material costs are added into direct manufacturing costs to calculate |
| A. | discuss costs |
| B. | prime costs |
| C. | resale cost |
| D. | merchandise costs |
| Answer» C. resale cost | |
| 150. |
The direct material cost is $75000 and direct manufacturing labor is $20000 then prime cost is |
| A. | $55,000 |
| B. | $37,500 |
| C. | $95,000 |
| D. | $26,000 |
| Answer» D. $26,000 | |