1) What is the primary basis for making decisions between alternative courses of action? a) Past performance of the organization b) Future profitability or cost savings c) Current market trends d) Employee preferences 2) Decision-making involves: a) Randomly choosing between alternatives b) Selecting the most cost-effective or profitable future action c) Analyzing past mistakes only d) Following a fixed set of actions 3) Which of the following is a characteristic of long-term decision making? a) It involves frequent decisions within a year b) It focuses on daily business operations c) It is related to strategic planning by higher management d) It involves decisions like setting discounts for a monthly promotion. 4) Which of the following is an example of short-term decision making? a) Launching a new product in the market b) Acquiring a new manufacturing plant c) Deciding the pricing of a product for the next quarter d) Diversifying into a new industry 5) Sarah paid RM100 for a concert ticket but decided not to go because she's feeling unwell. The RM100 is non-refundable. What type of cost is this? a) Sunk cost b) Opportunity Cost c) Avoidable Cost d) Unavoidable Cost 6) Afif can spend his Saturday studying for his accounting exam or working a part-time job that pays RM50. If he chooses to study, what is the RM50 he gave up? a) Sunk cost b) Opportunity cost c) Avoidable Cost d) Unavoidable Cost 7) A bakery is deciding between using high-quality ingredients for RM1,000 or standard ingredients for RM700 to produce the same product. What type of cost is the RM300 difference? a) Sunk cost b) Opportunity cost c) Differential Cost d) Unavoidable Cost 8) A club is planning an event. Renting a basic venue costs RM500, but upgrading to a larger venue with additional facilities costs RM800. What type of cost is the extra RM300? a) Sunk cost b) Incremental Cost c) Differential Cost d) Unavoidable Cost 9) Ainul is considering whether to continue his sport club membership, which costs RM20 per month. If she cancels, she no longer has to pay. What type of cost is this? a) Sunk cost b) Incremental Cost c) Differential Cost d) Avoidable Cost 10) A university charges all students a non-refundable RM500 fee each semester for campus maintenance, regardless of their attendance. What type of cost is this? a) Sunk cost b) Incremental Cost c) Unavoidable cost d) Avoidable Cost

DECISION MAKING

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