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Decision Making Process and Information Multiple Choice Questions Test 1 Tests pdf Download

Practice decision making process and information multiple choice questions (MCQs), cost accounting test 1 online to learn. 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 study guide has answer key with choices as recorded costs, unrecorded costs, sunk costs and bunked costs of multiple choice questions (MCQ) as kind of costs that has been occurred in past are classified as to test learning skills. Study to learn concept of relevance quiz questions to practice MCQ based online exam preparation test.

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

MCQ. Kind of costs that has been occurred in past are classified as

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

C

MCQ. Factors that are largely considered in making or buying decisions are called

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

D

MCQ. third step in decision making process is to

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

C

MCQ. As compared to irrelevant cost, occurrence of relevant costs must

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

B

MCQ. Decisions made by team of individuals or single person whether to outsource 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

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