ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
After isolating the decision to be made, the next step is to gather ____
A
multiple opinions
B
information
C
your thoughts
D
family input
Explanation: 

Detailed explanation-1: -Step 3: Identify the alternatives As you collect information, you will probably identify several possible paths of action, or alternatives. You can also use your imagination and additional information to construct new alternatives. In this step, you will list all possible and desirable alternatives.

Detailed explanation-2: -The decision-making process allows for the exploration of all alternatives in order to solve a problem, and it ensures that the best solution is found. The decision-making process includes the following steps: define, identify, assess, consider, implement, and evaluate.

Detailed explanation-3: -The correct answer is D) developing alternatives. Problems are part of doing work. When the problems are being identified, the next step must be to develop the alternatives that can be applied to them. Developing alternatives to the problem will help with immediate solutions to the problem.

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