BBA Cost Accounting MCQs – Practice Test 7 (Chapter 14)

Decision Making Process and Information Quiz with Answers PDF Download – Test 7

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Free Decision Making Process and Information Quiz App Download (iOS & Android): In broader categories, the outcomes of decisions are classified as; MCQ with answers: quantitative factors, sunk factors, and qualitative factors. Study Planning of Variable & Fixed Overhead Costs Quiz Questions, download Google Book (Free Chapter) to engage virtual learners.

Decision Making Process & Information Quiz – Practice Test 7 PDF Download

MCQ 31: Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as:

outsourcing
insourcing
idle sourcing
sunk sourcing

MCQ 32: In broader categories, the outcomes of decisions are classified as:

sunk factors
quantitative factors
qualitative factors
both B and C

MCQ 33: The cost of new machine is considered as:

relevant
bunk
dispose value
sunk

MCQ 34: An investment of money in idle inventory, in place of investing the same amount of money somewhere else is an example of:

offshore cost
outsource cost
in-source cost
opportunity cost

MCQ 35: The book value of existing equipment is a historical cost and not necessary for deciding equipment replacement, thus it can be considered as:

operating cost
sunk cost
in-house cost
out-house cost

Decision Making Process & Information Quiz App & e-Book – BBA Cost Accounting Study Material

Flexible Budget: Overhead Cost Variance MCQs

Cost Volume Profit Analysis MCQs

Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs

Process Costing MCQs

Management Control Systems and Multinational Considerations MCQs

Capacity Analysis and Inventory Costing MCQs

Capital Budgeting and Cost Benefit Analysis MCQs

Accounting Concepts MCQs

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