The type of distribution, which consists of alternative outcomes and probabilities of events is classified as _____________?
Correct answer: C. decision table
- A. event table
- B. outcome table
- C. decision table
- D. probability table
Explanation
A decision table lists alternative decisions or outcomes together with possible events and their probabilities, helping compare expected results. A probability distribution normally focuses on the probabilities of possible values rather than decision alternatives.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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