The difference that exists between total revenues, can be earned from two different alternatives is termed as ________?
A. independent revenue B. incremental revenue C. differential revenue D. dependent revenue
Accounting MCQs with Answers
The relevant costs are classified in relevance concepts as ____________?
A. expected future costs B. serial costs C. parallel costs D. abnormal costs
The forgone contribution of resources, into the revenues because of not using the resources, in next best use is classified as __________?
A. in-source cost B. opportunity cost C. offshore cost D. outsource cost
The costs such as book value of old machines are $25000 can be a classified as an example of ____________?
A. salvages B. relevant C. irrelevant D. depreciated cost
The fourth step in decision making process is ____________?
A. linear correlation B. making decisions C. implement decisions D. evaluate performance
The type of outcomes, which can never be measured in numerical terms in books of accounts are classified as _________?
A. expected factors B. recorded factors C. qualitative factors D. quantitative factors
The production of goods or services that can be bought from outside suppliers is classified as ___________?
A. idle sourcing B. sunk sourcing C. outsourcing D. in-sourcing
The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as __________?
A. value costs B. future function costs C. business function costs D. sunk function costs
The low level managers in organizations are to make decisions about _____________?
A. net income irrelevancy B. operating income maximization C. operating income minimization D. operating income relevancy
The costs that behaves as irrelevant costs in process of decision making are classified as ___________?
A. past costs B. future costs C. expected costs D. sunk costs