Q462
In quantitative analysis of estimating cost function, last and foremost step is to
A.
evaluate variable driver
B.
evaluate cost driver
AnswerC.
evaluate price driver
D.
evaluate demand driver
Answer: Option B
Solution
Answer: Option B
Solution:
In quantitative analysis of estimating cost function, last and foremost step is to evaluate evaluate cost driver. A cost driver is the unit of an activity that causes the change in activity's cost.