Decision Making Process Quiz PDF: Questions and Answers - 27

MCQ 131: The third step in decision making process is

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

MCQ 132: The step by step business functions, in which product or services must have customer usefulness, is classified as

1. value chain
2. useful chain
3. product chain
4. services chain

MCQ 133: In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through

1. price index
2. cost index
3. profit index
4. cost driver index

MCQ 134: The quantity of input which is carefully determined is called

1. output unit
2. input unit
3. standard input
4. standard output

MCQ 135: The fishbone diagram is an example of

1. relevant costing diagram
2. cause and effect diagram
3. control chart
4. Pareto diagram