The difference of cost, which occurs while considering the alternatives can be classified as ___________?
A. dependent cost B. independent cost C. incremental cost D. differential cost
Accounting MCQs with Answers
An example of qualitative factor is __________?
A. employee morale B. cost of materials C. cost of workers D. cost of marketing
The formal method of making choices, considering help of quantitative and qualitative analysis is classified as ____________?
A. quantitative analysis B. decision method C. qualitative method D. linearity method
The decisions made by company, which products to manufacture and sell and in what quantities, of many product lines are called ____________?
A. incremental decisions B. outsource decisions C. product mix decisions D. in-source decisions
The cost such as dispose value of an old machine is $6000 is classified as _____________?
A. irrelevant B. depreciated cost C. salvages D. relevant
The type of outcomes that can be measured in numerical terms are classified as ___________?
A. qualitative factors B. quantitative factors C. expected factors D. recorded factors
The second step in decision making process is ___________?
A. multi-collinearity information B. quantitative information C. qualitative analysis D. obtaining information
An amount of additional cost incurred for any particular activity is classified as ____________?
A. incremental cost B. differential cost C. dependent cost D. independent cost
The costs that are unavoidable and remain unchanged no matter what done are classified as
A. sunk costs B. bunked costs C. unrecorded costs D. recorded costs
In relevance concepts, the relevant revenues are also termed as ___________?
A. parallel revenues B. abnormal revenues C. expected future revenues D. serial revenues