When reporting information, the most important thing to be considered is that, the cost. a. Should be avoided b. Should be minimum c. Should be maximum d. Should be justified by the benefits

Q: Which of the following best defines the concept of a relevant cost? a. A past cost that is the same…

A: Relevant Cost: it is a cost which is used for taking decision  for the business management. this…

Q: Label each of the following statements as either true (“T”) or false (“F”). An opportunity cost is…

A: Answer:   True.

Q: How would you compare the costs and benefits estimated in

A: It is important to analyse the benefits and cost  associated with the tool . This  analysis provide…

Q: All future costs are relevant in decision making. O True O False

A: When we make decision-making, we consider the differential between the costs and the opportunity…

Q: Sunk costs should always be included when considering the cost of an activity. True or false, and…

A: Sunk cost are those cost which are already incurred by the business , But business cannot recovered…

Q: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on…

A: The costs that have already been incurred are known as Sunk costs. A sunk cost will not change…

Q: In your own words, describe ETF’s historical performance. Explain whether it has successfully beaten…

A: An ETF is a collection of assets whose shares are traded on a stock market. They combine the…

Q: . The Kano model classifies needs into three categories. Which of the following is not acategory in…

A: Kano model is developed in 1984 by Noriaki Kano for: Categorizing and prioritizing customer needs…

Q: Discuss and explain the difference between

A: Parameters of Comparison Horizontal Analysis Vertical Analysis Definition It takes into…

Q: Help question 35

A: Relevant cost are refer as the incremental and avoidable cost for implementing the business…

Q: When risk of measurement error increases in using ABC Select one: O a. a & b O b. When costs are…

A: The question is multiple choice question and related to Activity Based Costing. Required  Choose the…

Q: Costs that will differ between alternatives and influence the outcome of a decision are

A: Cost:   Cost can be defined as the cash and cash equivalent which is incurred against the products…

Q: Besides the dollar cost, what other costs should you consider when comparing alternative solutions…

A: A company will incur various costs to earn revenue. The costs can be either direct or indirect costs…

Q: What is the appraisal and prevention cost here? Only that t

A: Solution Concept Quality cost               Quality cost means the cost that is incurred by the…

Q: 1 Consider the following statements concerning costs. When making​ decisions, relevant costs that…

A: Management accounting is the one widely used by the management and the accountants for various…

Q: what is differrance between effectiveness an Efficiency

A:

Q: Discuss and explain the meaning of right offerings and their advantages.

A: Right issue refers to giving a right to existing shareholders to subscribe additional shares in…

Q: Which of the following aspects of a cost-benefit study would have the greatest uncertainty as to its…

A: Cost - benefit analysis is a decision making process in which costs incurred and revenues earned due…

Q: ________ are the costs associated with not choosing the other alternative.A. Sunk costsB.…

A: The term "cost" alludes to the overall expense incurred in the production of goods and services as…

Q: In Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being…

A: Salvage value is the book value of an asset after all the depreciation is completed.

Q: The lower of cost or net realizable value basis of valuing inventories is example of ? A) the cost…

A: Principles of conservation is one of basic principles of valuing in accounting of inventory.

Q: Future costs that do not differ among the alternatives are not relevant in a decision.

A: In accounting when it comes to making decisions we classify costs into different types or…

Q: The revenue risk can be significantly reduced if these revenue sources move in _____ Group of answer…

A: risk is the degree of uncertainty of occurring or non-occurring of worse things, in generally…

Q: Why opportunity cost is measured and relate with the evaluation of alternative, can it be an…

A: Cost or expenditure is the total amount spent by an individual, group and company to make a finished…

Q: Think of two [ of your ] real life examples about objective principleThink of two [ of your ] real…

A: Objective principle: The objective principle states that all the accounting information should be…

Q: What is the benefit of identifying avoidable and unavoidable cost in decision making process?

A: Avoidable costs: Avoidable Costs, as the name suggests, are the costs that can be avoided of the…

Q: One cost that is irrelevant in decision making is a sunk cost Group of answer choices True False

A: Sunk costs are those costs that are already incurred and it is irrelevant for the decision-making as…

Q: Reporting financial information imposes costs and obviously these costs should be justified by the…

A: Financial information means information related with the financial statements like Income Statement,…

Q: Respond to the following statement: Appraisal cost would be high so wait for Failure Cost.

A: The company's aim will be to increase the profits by increasing the sales revenue, or by decreasing…

Q: Discuss the benefit of identifying avoidable and unavoidable cost in decision making process.

A: Benefit of Avoidable Cost   1. Avoidable cost Avoidable cost helps management in decision making…

Q: Future costs that do not differ among the alternatives at hand are not relevant in the given…

A: Answer --The statement is TRUE.

Q: benefit

A: Introduction: Incremental Benefit – Cost Analysis: It is the method which helps to determine amount…

Q: The potential benefit of one alternative that is lost by choosing another is known as a. An…

A:

Q: relevant (differential) revenues and relevant (differential) costs

A: Relevant revenues and relevant costs are two terms used in evaluating the acceptance of special…

Q: Complete the sentence: In a modified B/C (Benefit/Cost) Ratio... Select one: o a.disbenefits are put…

A: Answer: The correct option is option (c). The M&O costs are put in the numerator.

Q: Discuss drawbacks/difficulties of Cost- Benefit Analysis used under Utilitarian Approach in Ethics.

A: Cost benefit analysis: It is the technique that is used to compare the project cost and benefits…

Q: Direct costs are classified by controllability.    True False Can be true, can be false

A: Direct costs are those costs which are directly incurred for purchase or production of goods in the…

Q: me major part of the The cost-benefit-trade-off problem involves identifying all the activities and…

A: A cost-benefit analysis compares the predicted or estimated costs and benefits (or opportunities)…

Q: . What factors determine the relevance of information to decision making? 2. What are sunk costs,…

A: Majorly decision-making managers have to consider the relevant information which is associated with…

Q: The process of choosing among competing alternatives is called a. planning.b. decision making.c.…

A: Planning represents the process of identifying goals and plan to achieve those goals. Controlling…

Q: Briefly explain the importance of distinguishing between relevant and irrelevant costs for the…

A: The costs that are affected by decision are relevant cost and  those costs are not get affected are…

Q: The inputs to a model may have different roles. Among the choices, which should be excluded?…

A: Inputs are main variables for decision making in any model. Inputs influence the output amd the…

Q: Which of the following best describes an "opportunity cost"? Group of answer choices costs that were…

A: Opportunity cost is the loss of the benefit which is forgone to choose the best possible…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.