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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Zena

1 months ago

Hold on, did someone say 'notional costs'? Is this exam being sponsored by the Department of Redundancy Department?

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Mitsue

15 days ago

A) Current costs

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Fausto

2 months ago

I'm going to have to go with C on this one. Can't make a decision based on yesterday's news. Unless, of course, you're a time traveler. In that case, I'd like to borrow your DeLorean.

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Nichelle

4 days ago

B) Notional costs can be tricky, they're not always reliable.

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Diane

11 days ago

C) I agree, estimated future costs are crucial for making decisions.

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Galen

14 days ago

A) Current costs are important too, you need to know what you're spending now.

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Alline

2 months ago

Notional costs? What is this, a fantasy accounting exam? I'm going with estimated future costs. Gotta keep an eye on the bottom line, am I right?

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Kizzy

15 days ago

I'm with you on that. Current costs are important, but looking at the future costs can really help us make better decisions.

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Muriel

27 days ago

I think estimated future costs are the way to go. It's important to plan ahead and make decisions based on what we expect to incur.

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Skye

1 months ago

Notional costs? That does sound like something out of a fantasy world. I agree, estimated future costs seem more practical.

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Antonio

2 months 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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Zona

24 hours ago

C) Estimated future costs

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Sarah

4 days ago

A) Current costs

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Ronny

7 days ago

B) Notional costs

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Kristeen

8 days ago

Exactly, we need to focus on future costs to make informed decisions.

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Thea

11 days ago

C) Estimated future costs

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Gregoria

12 days ago

A) Current costs

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Barrett

2 months 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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