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Decision Making Process and Information Multiple Choice Questions 1 PDF Download

Learn decision making process and information multiple choice questions (MCQs), cost accounting test 1 online for exams. Practice concept of relevance MCQs questions and answers on concept of relevance, make versus buy decisions, decision making process, insourcing versus outsourcing with answers. Free decision making process and information quiz, online study guide has helping answer key with choices as recorded costs, unrecorded costs, sunk costs and bunked costs of multiple choice questions as kind of costs that has been occurred in past are also known as to test learning skills for viva exam preparation and job's interview questions. Study to learn concept of relevance quiz questions to practice online MCQs for competitive exam preparation test. Concept of Relevance Video

MCQ on Decision Making Process and Information Quiz PDF Download Test 1

MCQ. 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

C

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

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

D

MCQ. The third step in decision making process is

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

C

MCQ. 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

B

MCQ. 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

B