Which of the Following Statements in Relation to Making Tactical

question 74

Multiple Choice

Which of the following statements in relation to making tactical decisions is incorrect?

• A) Future costs are always relevant.
• B) Sunk costs are always irrelevant.
• C) Allocated and unitised fixed costs are generally irrelevant.
• D) Opportunity cost is relevant when there is no excess capacity.

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Definitions:

Voucher

A document that authorizes a payment and records details about the transaction but does not represent cash itself.

Dividend Journal

A financial record that tracks dividends declared and paid by a company to its shareholders.

Receiving Report

A document that records the details of goods received from a supplier, verifying the quantities and condition of the goods.

Check Register

A record of checks written, deposits made, and balances in a checking account.