Q448
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
A.
conference method
AnswerB.
inference method
C.
pricing method
D.
manufacturing method
Answer: Option A
Solution
Answer: Option A
Solution:
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as conference method. The conference method is an approach to cost estimation that pools together data, analyses, and knowledge from expert sources in order to make decisions about costs.