COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Learning how to make good decisions is an essential life skill; not just for achieving outward success, but in order to secure a lasting sense of personal fulfilment.
Detailed explanation-2: -Decision-making skills are abilities that help you become a leader in the workplace. Knowing how to make effective decisions can help in saving time, allow optimum resource utilisation and ensure the company is on the path to long-term success.
Detailed explanation-3: -Decision-making is a key skill in the workplace, and is particularly important if you want to be an effective leader. Whether you’re deciding which person to hire, which supplier to use, or which strategy to pursue, the ability to make a good decision with available information is vital.