1. Purchase order, setup, and inspection costs are examples of: a. Unit-level costs b. Batch-level costs. C Product-level costs. d. Facility-level costs. 2. The competitive strategy of cost leadership allows a firm to outperform competitors by producing products or services: a. With high quality standards. b. In smaller operational units. c. At lower cost achieved by increased productivity. d With attractive added features making the product more expensive. 3. The independent variable in regression analysis is: a. The cost to be estimated. b Not relevant to the cost estimation process. C The dependent variable. d. The cost driver activity