Horn_CH_10TB 13

Reflectivethinking 76 the

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Unformatted text preview: tion y = 100 + 10X: A) has a slope coefficient of 100 B) has an intercept of 100 C) is a nonlinear D) represents a fixed cost Answer: B Diff: 2 Terms: linear cost function Objective: 2 AACSB: Analytical skills 72) The cost function y = 8,000 + 4X: A) represents a mixed cost B) will intersect the y-axis at 4 C) has a slope coefficient of 8,000 D) is a curved line Answer: A Diff: 2 Terms: linear cost function Objective: 2 AACSB: Analytical skills 73) The cost function y = 80 + 4X: A) has a slope coefficient of -4 B) will intersect the y-axis at 4 C) has a slope coefficient of 4 D) is a curved line Answer: C Diff: 2 Terms: linear cost function Objective: 2 AACSB: Analytical skills 74) Which of the following is an equation of a variable cost function? A) y = b B) y = a + bX C) y = bX D) y = a Answer: C Diff: 2 Terms: linear cost function Objective: 2 AACSB: Analytical skills 75) The industrial engineering method estimates cost functions: A) based on analysis and opinions gathered from various departments B) quickly while incurring little cost C) using qualitative rather than quantitative analysis D) by analyzing the relationship between inputs and outputs in physical terms Answer: D Diff: 2 Terms: cost estimation, industrial engineering method Objective: 3 AACSB: Reflective thinking 76) The conference method estimates cost functions: A) using quantitative methods that can be very time consuming and costly B) based on analysis and opinions gathered from various departments C) using time-and- motion studies D) by mathematically analyzing the relationship between inputs and outputs in physical terms Answer: B Diff: 2 Terms: conference method, cost estimation Objective: 3 AACSB: Communication 77) The account analysis method estimates cost functions: A) by classifying cost accounts as variable, fixed, or mixed based on qualitative analysis B) using time-and- motion studies C) at a high cost, which renders it seldom used D) in a manner that cannot be usefully combined with any other cost estimation methods Answer: A Diff: 2 Terms: account analysis method Objective: 3 AACSB: Reflective thinking 78) Quantitati ve analysis methods estimate cost functions: A) which depend on the experience and judgment of the analyst for accuracy B) based on analysis and opinions...
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