COST ACCOUNTING
INFORMATION FOR DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
waits until the problem has been defined by others.
|
|
|
evaluates all the information before making the decision.
|
|
|
always makes the right decision.
|
|
|
makes decisions based on feelings.
|
Detailed explanation-1: -A good decision-maker chooses actions that give the best outcome for themselves and others. They enter into the decision-making process with an open mind and do not let their own biases sway them. They make decisions rationally, after researching alternatives and understanding the consequences.
Detailed explanation-2: -Decisions are made explicitly whenever one consciously combines beliefs and values in order to choose a course of action. They are made implicitly whenever one relies on a ritualized response (habit, tradition) to cope with a choice between options.
Detailed explanation-3: -Reasoning. Reasoning is one of the main skills needed to be effective at decision-making. Make sure you take into account all the benefits and disadvantages of every possible solution before you make a selection.