Cost Management and Pricing Decisions MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Management and Pricing Decisions, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Management and Pricing Decisions MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Cost Management and Pricing Decisions mcq questions that explore various aspects of Cost Management and Pricing Decisions problems. Each MCQ is crafted to challenge your understanding of Cost Management and Pricing Decisions principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Cost Management and Pricing Decisions MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Cost Management and Pricing Decisions. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Cost Management and Pricing Decisions knowledge to the test? Let's get started with our carefully curated MCQs!

Cost Management and Pricing Decisions MCQs | Page 9 of 15

Q81.
The financial factors measured in numerical terms, having some monetary value are considered as
Discuss
Answer: (b).quantitative factors
Q82.
The forgone contribution of resources, into the revenues because of not using the resources, in next best use is classified as
Discuss
Answer: (b).opportunity cost
Q83.
The difference of cost, which occurs while considering the alternatives can be classified as
Discuss
Answer: (d).differential cost
Q84.
The costs such as book value of old machines are $25000 can be a classified as an example of
Discuss
Answer: (c).irrelevant
Q85.
An example of qualitative factor is
Discuss
Answer: (a).employee morale
Q86.
The fourth step in decision making process is
Discuss
Answer: (b).making decisions
Q87.
The formal method of making choices, considering help of quantitative and qualitative analysis is classified as
Discuss
Answer: (b).decision method
Q88.
The type of outcomes, which can never be measured in numerical terms in books of accounts are classified as
Discuss
Answer: (c).qualitative factors
Q89.
The decisions made by company, which products to manufacture and sell and in what quantities, of many product lines are called
Discuss
Answer: (c).product mix decisions
Q90.
The production of goods or services that can be bought from outside suppliers is classified as
Discuss
Answer: (d).in-sourcing