Accounting MCQs with Answers
A technique, which accumulates and tracks the costs of business function in value chain attributed to each market, offering from R&D to final customer support, is called __________?
A. product life cycle B. life cycle budgeting C. life cycle costing D. target costing
The practice by seller, about offering same product at different prices, to the different customers is known as __________?
A. price incurrence B. price discrimination C. price targeting D. price engineering
If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under _____________?
A. designed-in costs B. locked-in costs C. value added cost D. non-value added cost
The costs that are planned in future and has not been incurred are known as ___________?
A. designed-in costs B. locked-in costs C. value added cost D. both a and b
An estimated price, which is expected to be paid by customers for particular market offering is classified as __________?
A. target price B. target cost C. outsource price D. off shore price
An insensitivity of demand in relevance to change in price will be called ___________?
A. demand elasticity B. price elasticity C. price inelasticity D. demand inelasticity
The concept, which states that resources are used to meet particular goals is ____________?
A. cost incurrence B. valued incurrence C. locked incurrence D. non valued incurrence
The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as ___________?
A. designed-in costs B. locked-in costs C. value added cost D. non-value added cost
An income, which a company aims to earn by selling each unit of market offering is classified as ____________?
A. target operating income per unit B. target cost per unit C. total current full cost D. total cost per unit