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Question 1 (A) (B) (C) (D) An advantage of centralised...

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Accounting

Question 1

(A)

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(B)

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(C)

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(D)

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An advantage of centralised decision-making is: Greater effectiveness in volatile environments More motivated employees Less monitoring of decisions More rapid decision making in all contexts The total amount of variable costs will: Not be affected by relevant range considerations Change proportionately with changes in production activity Increase in per unit cost as production decreases Remain constant within a relevant range of production An opportunity cost can be defined as: A cost incurred when an incorrect decision is made A cost of collecting information about a potential business opportunity All of the given answers are examples of opportunity costs A benefit foregone by choosing one alternative over another Ooo The term cost accounting is: Often used to refer to financial accounting The process of reporting to external stakeholders Is a term that encompasses both financial and management reporting A synonym for the term management accounting

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