COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Let someone else make the decision
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Consider every possible option
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Delay making a decision
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Pick the option with the lowest level of risk
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Detailed explanation-1: -Compliance is a type of social influence where an individual does what someone else wants them to do, following his or her request or suggestion.
Detailed explanation-2: -Procrastination is the act of unnecessarily postponing decisions or actions. For example, a person is procrastinating when they delay working on an assignment until right before its deadline for no reason, even though they know that it would be better for them to start earlier.
Detailed explanation-3: -Procrastination. Strategy in which a person delays making the decision until someone else makes the decision or until options disappear; deciding “ By default “
Detailed explanation-4: -Escape-decision-making strategy in which you avoid a decision or make up and answer to deflect injury. Procrastination-decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding by default.
Detailed explanation-5: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.