COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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eliminating need for top managers
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reducing information available for decision-making
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breaking down barriers internally and externally
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decreasing need for environmental awareness
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Detailed explanation-1: -Information systems contain information about significant people, places, and things within the organization or in the environment surrounding it. By information we mean data that have been shaped into a form that is meaningful and useful to human beings.
Detailed explanation-2: -The correct answer is a) systematic thinker. A systematic thinker uses a rational approach to conclude the problem. Such individuals consider all factors before proposing a conclusion.
Detailed explanation-3: -An example of a business using information systems for supplier intimacy is: Answers: Apple’s creation of the iPad. JCPenney’s information system that allows its contract manufacturers to see what garments have been sold and need to be replaced.
Detailed explanation-4: -Answer and Explanation: The classical model has the certain assumption that the markets can regulate freely in the market. If any change in the prices occurs, then it impacts the conditions of buyers and sellers.