In today’s global world, an outsourcing of products or services from lower cost countries is classified as __________?
A. differential in-sourcing B. off-shoring C. incremental outsourcing D. differential outsourcing
Accounting MCQs with Answers
When an essential information for calculation of income statement is missing, then the costs that can be considered for this purpose is called _____________?
A. expected cost B. expected revenues C. irrelevant costs D. relevant costs
The first step in decision making process is to ___________?
A. identify the problem B. identify the linear variable C. identify the certainty D. identify the multiplier
In broader categories, the outcomes of decisions are classified as __________?
A. sunk factors B. quantitative factors C. qualitative factors D. both B and C
An investment of money in idle inventory, in place of investing the same amount of money somewhere else is an example of ___________?
A. offshore cost B. outsource cost C. in-source cost D. opportunity cost
The kind of costs that has been occurred in past are also known as __________?
A. unrecorded costs B. recorded costs C. sunk costs D. bunked costs
The third step in decision making process is ____________?
A. linear predictions B. dependent predictions C. making predictions D. independent predictions
The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as __________?
A. demand or supply decisions B. make or buy decisions C. relevant or irrelevant decision D. idle or busy decisions
An example of quantitative factor is ____________?
A. employee behavior at workplace B. employee satisfaction C. employee morale D. cost of materials
The financial factors measured in numerical terms, having some monetary value are considered as ___________?
A. qualitative factors B. quantitative factors C. expected factors D. recorded factors