ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is an important choice requiring careful thought because it affects a person’s career and personal life
A
routine decision
B
aggressive decision
C
major decision
D
life decision
Explanation: 

Detailed explanation-1: -Major – important choices requiring careful thought because they affect a person’s career and personal life.

Detailed explanation-2: -Decision-making skills of an individual refer to his ability to choose the best course of action after carefully analyzing and examining the available options and the given circumstances. Whether trivial or significant, decision making is an integral part of our personal as well as professional lives.

Detailed explanation-3: -Step 3 establishes criteria, which provides the basis for making decisions consistent with desired outcomes and project goals.

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.