11. Which of the following adequately describes Management Accounting? A. The process of identifying, measuring and analysing information B. The process of identifying, measuring and accumulating information developed for managers C. The process of identifying, measuring and accumulating information developed for external users D. The process of identifying, measuring and analysing financial information only 12.In making a short-term special decision, which of the following is MOST important? A. Separating variable and fixed costs B. Focusing on total cost C. Using a conventional absorption costing approach D. Discounting cash flows to their present value 13. Which of the following is NOT normally considered a relevant cost for decision-making purposes? A. Avoidable fixed cost B. Unavoidable fixed cost C. Direct material D. Direct labour (13 marks)