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

Which of the following categories of costs is the most relevant for decision making?
B) Notional costs
A) Current costs
C) Estimated future costs
D) Costs already incurred which are known with certainty

CIMAPRA17-BA2-1 Exam - 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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Tu
10 months ago
I doubt costs already incurred should even be considered.
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Yun
10 months ago
Surprised that anyone would choose anything other than current costs!
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Adelle
10 months ago
Notional costs? Really? They seem less useful to me.
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Tamra
10 months ago
I think estimated future costs are more important for decisions.
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Frankie
10 months ago
Current costs are definitely the most relevant.
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Bette
11 months ago
I feel like costs already incurred shouldn't matter for future decisions, but I can't recall the exact reasoning.
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Yoko
11 months ago
I practiced a question like this, and I think notional costs were mentioned as less relevant.
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Selma
11 months ago
I'm not entirely sure, but I remember something about current costs being important for short-term decisions.
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Curt
11 months ago
I think estimated future costs might be the most relevant since decisions are often based on projections.
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Elke
11 months ago
I'm pretty sure the protocol used between the ICM Central Controller and IVR/CUCM PG is OCTI, but I'll double-check the course materials to be sure.
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Hyun
11 months ago
Okay, let me think this through step-by-step. PROC PRINT is used to display data, and we want an option that will show the variable labels. I'm leaning towards C. LABELS=, but I want to double-check the other options just to be sure.
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Tammara
11 months ago
I've got a good feeling about "Ignore Blank Addressees" and "Priority Value Expression" as the two valid advanced properties. Time to mark those down!
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Leota
11 months ago
I'm pretty sure this is asking about change management, which is a structured approach to transitioning individuals, teams, and organizations to a desired future state.
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Aleta
11 months ago
I've got this! The key is recognizing that private security is about protecting individual clients, while public law enforcement is about serving the community as a whole. The statement is false, so I'll select B.
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Zena
1 year ago
Hold on, did someone say 'notional costs'? Is this exam being sponsored by the Department of Redundancy Department?
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Kimberely
1 year ago
D) Costs already incurred which are known with certainty
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Chandra
1 year ago
C) Estimated future costs
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Audry
1 year ago
B) Notional costs
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Mitsue
1 year ago
A) Current costs
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Fausto
1 year 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
1 year ago
B) Notional costs can be tricky, they're not always reliable.
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Diane
1 year ago
C) I agree, estimated future costs are crucial for making decisions.
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Galen
1 year ago
A) Current costs are important too, you need to know what you're spending now.
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Alline
1 year 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
1 year 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
1 year 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 year 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
1 year 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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Nydia
1 year ago
B) Notional costs
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Casey
1 year ago
Exactly, we need to focus on what's ahead to make the best decisions.
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Zona
1 year ago
C) Estimated future costs
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Sarah
1 year ago
A) Current costs
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Ronny
1 year ago
B) Notional costs
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Kristeen
1 year ago
Exactly, we need to focus on future costs to make informed decisions.
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Thea
1 year ago
C) Estimated future costs
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Gregoria
1 year ago
A) Current costs
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Barrett
1 year 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 year ago
Definitely, focusing on current and past costs won't help in planning for the future.
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Chantell
1 year ago
I agree, estimated future costs are crucial for making informed decisions.
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Ilona
1 year ago
I believe current costs are the most relevant. We need to consider what we are currently spending.
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Brianne
1 year ago
I agree with Shantell. Estimated future costs help in making informed decisions for the future.
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Shantell
1 year ago
I think the most relevant category of costs for decision making is estimated future costs.
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