Accounting MCQs

1590 MCQs  (Page 103 of 159)

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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
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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
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The third step in decision making process is ____________?
A. Linear predictions
B. Dependent predictions
C. Making predictions
D. Independent predictions
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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
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In broader categories, the outcomes of decisions are classified as __________?
A. Sunk factors
B. Quantitative factors
C. Qualitative factors
D. Both b and c
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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
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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
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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
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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
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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
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Word of the Day
18 Jul
Proactive
(of a person or action) creating or controlling a situation rather than just responding to it after it has happened.
فعال، پیش قدمی کے ذریعے صورتحال پر قابو پانیوالا

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