ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ are choices most people make automatically about everyday matters.
A
major decisions
B
expected decisions
C
impulsive decisions
D
routine decisions
Explanation: 

Detailed explanation-1: -Routine decisions: Choices that you make automatically about everyday matters, such as what to eat and wear. These decisions are generally very easy to make and do not affect your life to a great extent. Major decisions: Tough choices requiring careful thought because they affect your career and personal life.

Detailed explanation-2: -Programmed decisions are also sometimes referred to as routine or low-involvement decisions because they don’t require in-depth mental processing to reach a decision.

Detailed explanation-3: -If you are trying to decide on a career path, always consider your personality, preferred lifestyle, utilization of skills, pay, working conditions, commute, future growth opportunities, working environment, wants, needs, leadership opportunities, insurance and training facilities.

Detailed explanation-4: -How can a person determine that a decision was a good one? The decision met the person’s goals.

There is 1 question to complete.