COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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After all process has been done. We need ____
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Implementing the Decision
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Evaluating the Decision
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Analyzing Alternatives
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Developing Alternatives
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Explanation:
Detailed explanation-1: -Step 7: Review your decision & its consequences In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.
Detailed explanation-2: -Selecting the best solution is the most critical part of decision making. There is a risk element involved in each alternative against the expected gain. Selection should be made at proper time.
There is 1 question to complete.