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Cost Accounting MCQ Questions

Cost Accounting MCQs - Chapter

Decision Making Process and Information Multiple Choice Questions and Answers PDF p. 1

Practice Decision Making Process and Information multiple choice questions and answers, BBA quiz answers PDF to solve Cost Accounting worksheets 1 for online colleges. Solve concept of relevance MCQs, Decision Making Process and Information trivia questions and answers for admission and merit scholarships test. "Decision Making Process and Information MCQ" PDF book: concept of relevance, make versus buy decisions, decision making process, insourcing versus outsourcing career test for business management degree online.

"The kind of costs that has been occurred in past are also known as" Multiple Choice Questions (MCQ) on decision making process and information with choices recorded costs, unrecorded costs, sunk costs, and bunked costs for online business and management degree. Practice concept of relevance quiz questions for jobs' assessment test and online courses for online business management classes.

MCQs on Decision Making Process & Information Quiz


The kind of costs that has been occurred in past are also known as

unrecorded costs
recorded costs
sunk costs
bunked costs


The factor, which is largely considered in making or buying decisions is

quality of suppliers
dependability of suppliers
production irrelevancy
both a and b


The third step in decision making process is

linear predictions
dependent predictions
making predictions
independent predictions


As compared to irrelevant cost, the occurrence of relevant costs must

have high correlation
be in future
be in past
be zero correlated


The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as

demand or supply decisions
make or buy decisions
relevant or irrelevant decision
idle or busy decisions