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BBA Cost Accounting MCQs – Practice Test 1 (Chapter 14)

Decision Making Process and Information MCQs with Answers PDF Download – Test 1

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Learn Decision Making Process and Information Multiple Choice Questions (MCQs) with Answers PDF for virtual academic learning. Download the Decision Making Process and Information MCQs PDF e-Book, Ch. 14-1 to study BBA Cost Accounting Course. Practice Concept of Relevance MCQs, Decision Making Process and Information Notes questions and answers PDF to engage remote classes. Download the Decision Making Process and Information MCQs App: Free BBA Cost Accounting Study App to study make versus buy decisions, decision making process, insourcing versus outsourcing career test to complete online assignments.

Free "Decision Making Process and Information MCQs" App Download with MCQ: Kind of costs that has been occurred in past are also known as; with answers: recorded costs, unrecorded costs, sunk costs, and bunked costs. Solve Contribution Margin versus Gross Margin Quiz Questions, download Google e-Book (Free Chapter) for virtual academic learning.

Decision Making Process & Information MCQs – Practice Test 1 PDF Download

MCQ 1: The kind of costs that has been occurred in past are also known as:

  1. unrecorded costs
  2. recorded costs
  3. sunk costs
  4. bunked costs

MCQ 2: The factor, which is largely considered in making or buying decisions is:

  1. quality of suppliers
  2. dependability of suppliers
  3. production irrelevancy
  4. both a and b

MCQ 3: The third step in decision making process is:

  1. linear predictions
  2. dependent predictions
  3. making predictions
  4. independent predictions

MCQ 4: As compared to irrelevant cost, the occurrence of relevant costs must:

  1. have high correlation
  2. be in future
  3. be in past
  4. be zero correlated

MCQ 5: The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as:

  1. demand or supply decisions
  2. make or buy decisions
  3. relevant or irrelevant decision
  4. idle or busy decisions

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