MCQ Collection
japan-cpa-short-answer MCQs
Practice japan-cpa-short-answer questions with answers and explanations.
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Correct Answer: D. Opportunity cost is the benefit sacrificed by choosing one alternative over the next best
Explanation:
Opportunity cost captures foregone benefit.
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Correct Answer: C. A sunk cost has already been incurred and is normally irrelevant to the current choice
Explanation:
Past irreversible costs should not distort decisions.
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Correct Answer: C. A sunk cost has already been incurred and is normally irrelevant to the current choice
Explanation:
Past irreversible costs should not distort decisions.
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Correct Answer: D. A sunk cost has already been incurred and is normally irrelevant to the current choice
Explanation:
Past irreversible costs should not distort decisions.
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Correct Answer: C. A sunk cost has already been incurred and is normally irrelevant to the current choice
Explanation:
Past irreversible costs should not distort decisions.
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Correct Answer: D. Break-even occurs where total contribution equals fixed costs
Explanation:
At break-even, operating profit is zero.
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Correct Answer: B. Break-even occurs where total contribution equals fixed costs
Explanation:
At break-even, operating profit is zero.
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Correct Answer: A. Break-even occurs where total contribution equals fixed costs
Explanation:
At break-even, operating profit is zero.
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Correct Answer: D. A relevant cost is future and differs between alternatives
Explanation:
Future differential costs affect decisions.
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Correct Answer: B. A relevant cost is future and differs between alternatives
Explanation:
Future differential costs affect decisions.
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Correct Answer: C. A relevant cost is future and differs between alternatives
Explanation:
Future differential costs affect decisions.
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Correct Answer: A. A relevant cost is future and differs between alternatives
Explanation:
Future differential costs affect decisions.