Decision Analysis - Marginal Analysis
Quiz
•
Professional Development
•
Professional Development
•
Medium
Huong Tran
Used 4+ times
FREE Resource
Enhance your content in a minute
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Profit that are loss by moving an input from one use to another use are referred to as
Out-of-pocket costs
Cannibalization charges
Replacement costs
Opportunity costs
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In a joint manufacturing process, joint costs incurred prior to a decision as to whether to process product after the split-off point should be viewed as
Sunk costs
Relevant costs
Standard costs
Defferential costs
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In evaluating costs for decision making purpose, a company would always consider each of the following as relevant, except:
Incremental costs
Defferential costs
Avoidable cost
Variable costs
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Relevant or differential cost analysis
Allows the decision maker to group all types of costs together to facilitate decision making.
Takes all variable and fixed costs into account to analyze decision alternatives.
Considers only variable costs as they change with each decision alternative.
Considers all variable and fixed costs as they change with each decision alternative.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The definition of economic cost is
the sum of all explicit and implicit costs of the business firm
the difference between all implicit and explicit costs of the business firm
all the dollar costs employers pay for all inputs purchased
the opportunity cost of all inputs minus the dollar cost of those inputs
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which one of the following costs would be relevant in short-term decision making?
All costs of inventory.
Total variable costs that are the same in the considered alternatives.
Incremental fixed costs.
Opportunity costs that are the same in the considered alternatives.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The term that best refers to past costs that have been incurred and are not relevant to any future decisions is
sunk costs.
discretionary costs.
incurred marginal costs.
.full absorption costs.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
New Hire Orientation
Quiz
•
Professional Development
10 questions
Motorcycle and ATV
Quiz
•
Professional Development
10 questions
Vitamin C 2024
Quiz
•
Professional Development
15 questions
Sports Analytics
Quiz
•
Professional Development
10 questions
Business Writing 4
Quiz
•
Professional Development
20 questions
Accent
Quiz
•
Professional Development
12 questions
Cycle 4: Session 8 Review.
Quiz
•
Professional Development
10 questions
Military Must-Know-Words 1 - 10 (Quiz 2)
Quiz
•
Professional Development
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Professional Development
20 questions
Black History Month Trivia Game #1
Quiz
•
Professional Development
100 questions
Screening Test Customer Service
Quiz
•
Professional Development
20 questions
90s Cartoons
Quiz
•
Professional Development
10 questions
Reading a ruler in Inches
Quiz
•
4th Grade - Professio...
16 questions
Parallel, Perpendicular, and Intersecting Lines
Quiz
•
KG - Professional Dev...
12 questions
Valentines Day Trivia
Quiz
•
Professional Development
