Management Accountants Can Help Support the Quality Initiatives of Management

question 96

Multiple Choice

Management accountants can help support the quality initiatives of management by supplying decision makers with relevant financial information regarding these initiatives. Which of the following statements is true regarding costs that are relevant for decision making within this context?

• A) Relevant costs are variable costs.
• B) Relevant costs are fixed costs.
• C) Relevant costs include out-of-pocket but not opportunity costs because the latter are not recorded by accounting systems.
• D) Relevant costs are future costs that differ between (or across) decision alternatives.
• E) Relevant costs would not include estimated losses due to reduced market share.

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Definitions:

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Second Shift

The phenomenon where individuals, especially women, work a paid job and then return home to perform unpaid labor, such as housework and childcare.

Arlie Hochschild

A prominent sociologist known for her work on emotional labor, gender roles, and family dynamics.

U.S. Census Bureau

An essential body within the U.S. Federal Statistical System, tasked with the creation of statistics concerning the American public and the economy.