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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 for online course prep exams. Practice concept of relevance MCQs questions and answers on concept of relevance, make versus buy decisions, decision making process, insourcing versus outsourcing test for online accounting software courses distance learning.

Free decision making process and information quiz online, study guide has multiple choice question: kind of costs that has been occurred in past are also known as with choices recorded costs, unrecorded costs, sunk costs and bunked costs to test online e-learning skills for formative assessment exam prep and job's interview questions with answers key. Study to learn concept of relevance quiz questions with online learning MCQs for competitive exam preparation test. Concept of Relevance Video

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

MCQ. 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. Factor, which is 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. 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, 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