Pop Quiz Chapter 11

Pop Quiz Chapter 11

12th Grade

25 Qs

quiz-placeholder

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Pop Quiz Chapter 11

Pop Quiz Chapter 11

Assessment

Quiz

Other

12th Grade

Medium

Created by

Tina Husin

Used 16+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An important step in management's decision-making process is to determine and evaluate possible courses of action.

true

false

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In making decisions, management ordinarily considers both financial and non-financial information.

true

false

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In incremental analysis, total variable costs will always change under alternative courses of action, and total fixed costs will always remain constant.

true

false

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Accountants are mainly involved in developing non-financial information for management's consideration in choosing among alternatives.

true

false

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Decision-making involves choosing among alternative courses of action.

true

false

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A special one-time order should never be accepted if the unit sales price is less than the unit variable cost.

true

false

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a company has excess capacity and present markets will not be affected, it would be profitable to accept an order at a special unit price even though the price is less than the unit variable cost to manufacture the item.

true

false

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