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CIMAPRO19-P01-1 Exam - Topic 10 Question 114 Discussion

In short-term decision making, which TWO of the following are relevant costs?
B) Avoidable costs and D) Opportunity costs
A) Sunk costs
C) Committed costs
E) Notional costs

CIMAPRO19-P01-1 Exam - Topic 10 Question 114 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 114
Topic #: 10
[All CIMAPRO19-P01-1 Questions]

In short-term decision making, which TWO of the following are relevant costs?

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Suggested Answer: B, D

by Latia at Jul 11, 2025, 03:31 AM

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Jaclyn
9 months ago
Notional costs? Never heard of those being relevant.
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Katheryn
9 months ago
Wait, are committed costs really irrelevant? That seems off.
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Reena
9 months ago
Avoidable costs and opportunity costs are definitely relevant!
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Chun
9 months ago
I agree, sunk costs shouldn't factor into short-term decisions.
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Annmarie
9 months ago
Yup, avoidable and opportunity costs are the way to go!
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James
10 months ago
I’m pretty confident that avoidable costs and opportunity costs are the right answers. They both affect future decisions, unlike sunk costs.
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Jennie
10 months ago
Committed costs sound familiar, but I can't recall if they are considered relevant. I feel like I need to double-check that.
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Eliseo
10 months ago
I remember practicing a question like this where sunk costs were definitely not relevant. So, I guess that rules out option A.
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Gregoria
10 months ago
I think avoidable costs are definitely relevant, but I'm not sure about opportunity costs. They seem important too, right?
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Jin
10 months ago
I feel pretty confident about this. Sunk costs and opportunity costs are the two relevant costs for short-term decision making. The other options like committed costs and notional costs are not as important in the short term.
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Rochell
11 months ago
I'm a bit confused on this one. I know sunk costs are not relevant, but I'm not sure about the other options. I'll have to review my notes to make sure I understand the differences between these cost types.
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Truman
11 months ago
Okay, I've got this. Avoidable costs and opportunity costs are the two relevant costs for short-term decision making. The other options like sunk costs and committed costs are not as important in the short term.
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Brett
11 months ago
Hmm, this is a tricky one. I know sunk costs are not relevant, but I'm having trouble remembering which other costs are important for short-term decisions. I'll have to think this through carefully.
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Rosenda
11 months ago
I'm pretty sure sunk costs and opportunity costs are relevant for short-term decision making, but I'm not sure about the other options.
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Wilburn
1 year ago
I see your point, Albina. Avoidable costs and Opportunity costs are the ones to consider in short-term decision making.
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Albina
1 year ago
But Cyril, sunk costs are already incurred and cannot be changed, so they are not relevant for short-term decisions.
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Cyril
1 year ago
I believe A) Sunk costs and C) Committed costs are also relevant in short-term decision making.
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Wilburn
1 year ago
I agree with Albina, those are the costs that can be changed by the decision.
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Albina
1 year ago
I think B) Avoidable costs and D) Opportunity costs are relevant.
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Mel
1 year ago
Notional costs? What is this, a fantasy football league? I'll stick with the real-world stuff, thanks.
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Viva
1 year ago
Committed costs and opportunity costs are the way to go. Gotta think about what I'm actually on the hook for and what I'm giving up, you know?
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Salena
11 months ago
Committed costs are important because they're already locked in.
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Latosha
1 year ago
Avoidable costs and opportunity costs, for sure. Those are the ones that can actually impact my decision-making. The rest are just irrelevant fluff.
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Dominga
1 year ago
Sunk costs? Seriously? That's like trying to get a refund on a movie ticket after the movie's over. Not relevant at all!
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Emily
1 year ago
B) Avoidable costs
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Jani
1 year ago
A) Sunk costs
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