COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All a manager needs to answer a question or solve a problem is data.
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True
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False
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Explanation:
Detailed explanation-1: -Problem-solving includes three main parts: identifying the problem, analyzing possible solutions, and deciding on the best course of action.
Detailed explanation-2: -Decision making has much in common with problem solving. In problem solving you identify and evaluate solution paths; in decision making you make a similar discovery and evaluation of alternatives. The crux of decision making, then, is the careful identification and evaluation of alternatives.
There is 1 question to complete.