Understanding Cost Behavior and its Impact on Managerial Judgment

Interactive Video
•
Business
•
11th - 12th Grade
•
Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of cost behavior analysis?
To identify activities related to specific costs
To increase sales
To reduce employee turnover
To improve customer satisfaction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does managerial judgment influence cost behavior analysis?
By determining the company's profit margin
By selecting which costs and behaviors to analyze
By setting employee salaries
By choosing marketing strategies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key consideration when using managerial judgment in cost analysis?
Identifying relevant costs and behaviors
Setting the company's mission statement
Choosing the right marketing campaign
Determining employee benefits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the high-low method used for?
Assessing changes in cost based on behavior
Determining product prices
Evaluating customer feedback
Calculating employee bonuses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the high-low method, what is subtracted to find the difference?
Product prices
Cost and hours
Marketing expenses
Employee salaries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of using regression analysis in cost assessment?
It simplifies the budgeting process
It allows for analyzing multiple variables
It reduces the need for managerial judgment
It increases employee productivity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does regression analysis help in understanding cost behavior?
By improving customer service
By predicting future sales
By setting company goals
By finding the line of best fit for data
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