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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?

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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
12 days ago
C) I agree, estimated future costs are crucial for making decisions.
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Galen
15 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
2 days ago
C) Estimated future costs
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Sarah
5 days ago
A) Current costs
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Ronny
8 days ago
B) Notional costs
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Kristeen
9 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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Trina
1 months ago
Definitely, focusing on current and past costs won't help in planning for the future.
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Chantell
2 months ago
I agree, estimated future costs are crucial for making informed decisions.
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Ilona
2 months ago
I believe current costs are the most relevant. We need to consider what we are currently spending.
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Brianne
2 months ago
I agree with Shantell. Estimated future costs help in making informed decisions for the future.
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Shantell
2 months ago
I think the most relevant category of costs for decision making is estimated future costs.
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