ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How can a person determine that a decision was a good one?
A
The decision met the person’s goals.
B
The person is making more money.
C
Family members think that it was a good decision.
D
The person is now using all of his/her skills.
Explanation: 

Detailed explanation-1: -did the decision help me meet my goal?

Detailed explanation-2: -How can a person determine that a decision was a good one? The decision met the person’s goals.

Detailed explanation-3: -When evaluating decisions on a day-to-day basis, there are always characteristics to consider before taking action. Some characteristics of a good decision are positive impact, inclusion, and executability.

There is 1 question to complete.