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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
7 months ago
Notional costs? Never heard of those being relevant.
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Katheryn
7 months ago
Wait, are committed costs really irrelevant? That seems off.
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Reena
7 months ago
Avoidable costs and opportunity costs are definitely relevant!
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Chun
8 months ago
I agree, sunk costs shouldn't factor into short-term decisions.
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Annmarie
8 months ago
Yup, avoidable and opportunity costs are the way to go!
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James
8 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
8 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
8 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
9 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
9 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
9 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
9 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
9 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
9 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
11 months 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
11 months 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
11 months ago
I believe A) Sunk costs and C) Committed costs are also relevant in short-term decision making.
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Wilburn
11 months ago
I agree with Albina, those are the costs that can be changed by the decision.
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Albina
11 months ago
I think B) Avoidable costs and D) Opportunity costs are relevant.
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Mel
12 months ago
Notional costs? What is this, a fantasy football league? I'll stick with the real-world stuff, thanks.
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Viva
12 months 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
10 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
11 months ago
B) Avoidable costs
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Jani
12 months ago
A) Sunk costs
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