Answer the following questions using the information below:
At the Christopher Company, the cost of the library and information center has always been charged to the various departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of engineers within a department might be a better predictor of library and information center costs.

-Which cost estimation method is being used by Christopher Company?
A)the quantitative analysis method
B)the industrial engineering method
C)the conference method
D)the account analysis method

Question

Answer the following questions using the information below:
At the Christopher Company, the cost of the library and information center has always been charged to the various departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of engineers within a department might be a better predictor of library and information center costs.
  
-Which cost estimation method is being used by Christopher Company?
A)the quantitative analysis method 
B)the industrial engineering method 
C)the conference method 
D)the account analysis method

Quizplus · Accepted Answer

The conference method is a cost estimation method that involves a group of experts from different disciplines coming together to estimate the cost of a project. This method is often used when there is a high degree of uncertainty about the project, and it can be helpful in identifying and mitigating risks. In this case, Christopher Company is using the conference method to estimate the cost of a new product launch.

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