Andy is trying to decide which one of two job offers

24. Andy is trying to decide which one of two job offers he will accept. Several items are presented below:

Select the items that are relevant to Andy's decision.
25. Relevant costs are often referred to as 26. Which of the following statements is true?
27. Dalton Company is trying to decide between the following two alternatives:
Which of the following conclusions can be drawn from this example?
A Variable costs are always relevant for decision making.
B Fixed costs are sunk and thus are never relevant for decision making.
C The amount of revenue is not relevant to this decision.
D Relevant costs may include variable costs and fixed costs.

28. Frank is trying to decide which one of two job offers he will accept. Several items are presented below:
Which of the above items would be considered sunk costs?
29. The benefits sacrificed when one alternative is chosen over another are referred to as
30. All of the following are factors that could be considered in a decision to outsource a component that is currently being produced in
house. Which of the following is not likely to be relevant?
31. A company's numerous specific budgets (sales and inventory purchases, for example) together are referred to as the
A grand plan.
B strategic plan.
C master budget.
D current budget.
32. Planning concerned with long-range decisions such as defining the scope of the business is referred to as

C strategic planning.
D master planning.
33. Budgeting that involves the development of a master budget to direct the firm's activities over the short-term is referred to as