A. past costs
B. future costs
C. expected costs
D. sunk costs
Related Mcqs:
- 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 - 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 - The second step in decision making process is ___________?
A. multi-collinearity information
B. quantitative information
C. qualitative analysis
D. obtaining information - The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as _____________?
A. stock-out costs
B. ordering costs
C. carrying costs
D. purchasing costs - The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?
A. customer level indirect costs
B. customer level direct costs
C. corporate level direct costs
D. corporate level indirect costs - The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?
A. customer level indirect costs
B. customer level direct costs
C. corporate level direct costs
D. corporate level indirect costs - The fourth step in decision making process is ____________?
A. linear correlation
B. making decisions
C. implement decisions
D. evaluate performance - The third step in decision making process is ____________?
A. linear predictions
B. dependent predictions
C. making predictions
D. independent predictions - The degree to which the freedom is given to lower level managers for decision making is classified as ___________?
A. decentralization
B. centralization
C. autonomy
D. congruency - An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?
A. variable batch costs
B. fixed batch costs
C. variable setup costs
D. fixed setup costs
