1.In cost analysis for decisions support, it is essential to determine which costs are:

Select one:

a.accurately known

b.will not continue

c.relevant to the decision

d.relate to the activity being examined

2.In make-or-buy decisions, it is important only to consider

Select one:

a.common costs

b.variable costs

c.relevant costs

d.fixed costs

3.Which of the following types of costs would not beconsidered a relevant cost?

Select one:

a.Opportunity costs

b.Avoidable variable costs

c.Costs incurred prior to to making the decision

d.Replacement costs

4.What are relevant costs and relevant revenues?

Select one:

a.Future costs and revenues only

b.Future costs and revenues that will change as a result of a decision

c.The costs and revenues that you deem important

d.None of the options given

5.Which of these is a relevant qualitative factor in deciding whether or notto outsource a product rather than continue making it? 

Select one:

a.loss of control over quality

b.The business may be likely to reverse the decision to outsource in the near future

c.All of the options given

d.the reliability of supply of the product