COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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should never have a need to consult with their employees or other managers
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usually act in their own self-interests rather than those of their employees
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always put employee needs ahead of the goals and work processes of the organization
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take responsibility for developing and implementing plans to achieve organizational goals
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Detailed explanation-1: -Managers plan, organize, direct, and control resources to achieve specific goals. In planning, they set goals and determine the best way to achieve them. Organizing means allocating resources (people, equipment, and money) to carry out the company’s plans.
Detailed explanation-2: -First-Line Managers They are directly responsible for making sure that organizational objectives and plans are implemented effectively. They may be called assistant managers, shift managers, foremen, section chiefs, or office managers.
Detailed explanation-3: -Planning can help managers improve their decision making skills. It allows them to focus on a goal and create different courses of action that can help their team achieve this goal. It can also help them make informed decisions about what activities their team can prioritize.
Detailed explanation-4: -A manager has to manage human resources, finances, operations and other things related to running a successful business. Effective management is important in an organization because it helps in achieving goals and objectives.