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Questions and Answers
Which of the following best describes relevant information in the context of decision-making?
Which of the following best describes relevant information in the context of decision-making?
- Data that is irrelevant to the decision-making process
- Data that is not available to managers
- Historical data that is used to compare alternatives
- Expected future data that differ among alternatives (correct)
In the context of decision-making, what are relevant costs?
In the context of decision-making, what are relevant costs?
- Costs that are incurred in the past
- Costs that are not considered in the decision-making process
- Costs that are not related to a particular decision
- Costs that are relevant to a particular decision (correct)
What is the role of managerial accountants in the decision-making process?
What is the role of managerial accountants in the decision-making process?
- To compare historical data
- To make decisions among alternative courses of action
- To gather and analyze irrelevant information
- To gather and analyze relevant information (correct)
Which step of the decision-making process involves comparing alternatives?
Which step of the decision-making process involves comparing alternatives?
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What would be considered relevant information for a company deciding between two different models of delivery trucks?
What would be considered relevant information for a company deciding between two different models of delivery trucks?
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