Concept of Relevance Multiple Choice Questions (MCQ) 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: 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 3: An example of quantitative factor is

1. employee behavior at workplace
2. employee satisfaction
3. employee morale
4. cost of materials

MCQ 4: The relevant costs are classified in relevance concepts as

1. expected future costs
2. serial costs
3. parallel costs
4. abnormal costs

MCQ 5: The financial factors measured in numerical terms, having some monetary value are considered as

1. qualitative factors
2. quantitative factors
3. expected factors
4. recorded factors