CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 56 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam

Question #: 56
Topic #: 1

[All CIMAPRA17-BA2-1 Questions]

Which of the following categories of costs is the most relevant for decision making?

ACurrent costs

BNotional costs

CEstimated future costs

DCosts already incurred which are known with certainty

Show Suggested Answer

Suggested Answer: B

by Nicolette at Aug 09, 2023, 04:52 PM

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Antonio

6 days ago

Ah, I see what you're getting at. Costs already incurred are a done deal, so they're not really useful for decision making. You gotta look to the future, you know?

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Barrett

13 days ago

Hmm, I'd say estimated future costs are the most relevant for decision making. You can't make a good decision based on past costs that you can't change.

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