1. Short term decision making cases encountered by management such as sell as is or process further is classified as: A. Strategic decisions B. Tactical decisions / Operational decisions C. Long term decisions D. Relevant or irrelevant E. None of the above

2. In relevant costing, the management accountant must consider: A. Qualitative factors only

B. Quantitative factors only C. Both Qualitative and Quantitative Factors D. None of the above

3. The following are relevant except: A. Differential cost B. Future cost, where the cost does not varies between alternatives C. Opportunity cost D. None of the above E. All of the above

4. In decision making, which of the following is not relevant to decision? A. avoidable cost (fixed cost that will e avoided) B. variable product cost of FG inventory C. opportunity cost (lost income) D. differential cost E. None of the above

5. The relevance of a particular cost to a decision is best determined by the A. size of cost B. riskiness of decision C. whether past or future cost D. accuracy and verifiability E. None of the above

6. Which of the following is not considered in Sell or process further decision-making analysis? A. variable product cost of joint products B. SP of product before further processing C. both a and b D. All is considered

7. If projected sales of Division X are 5,000 units and the shutdown point is 6,000. Then, the company should: A. Shut down permanently the Division B. Continue C. Sold the Division X D. Start operating at full capacity E. None of the above

8. Which of the following is not part of the types of budget?

A. Financial budget B. Operating budget C. Capital budget D. Sales budget E. None of the above

9. Which is one of the purpose of budgeting? A. Budgeting performance B. Motivational function C. Control function D. Favorable function

10. It triggers a chain reaction that leads to the development of many other budget figures in an organization. A. Operational expense B. Disbursements C. Sales budget D. Sales