Accounting MCQs

1590 MCQs  (Page 104 of 159)

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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
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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
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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
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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
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The fourth step in decision making process is ____________?
A. Linear correlation
B. Making decisions
C. Implement decisions
D. Evaluate performance
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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
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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
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The relevant costs are classified in relevance concepts as ____________?
A. Expected future costs
B. Serial costs
C. Parallel costs
D. Abnormal costs
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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
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As compared to irrelevant cost, the occurrence of relevant costs must ___________?
A. Have high correlation
B. Be in future
C. Be in past
D. Be zero correlated
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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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