COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many steps are in the Simon’s decision making process?
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Eight
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Seven
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Six
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Five
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Explanation:
Detailed explanation-1: -Simon’s model defines four phases of decision-making process: Intelligence Phase.
Detailed explanation-2: -Simon (1977) said that such a systematic process involves three major phases: intelligence, design, and choice. He later added a fourth phase: implementation. Monitoring can be considered a fifth phase-a form of feedback.
Detailed explanation-3: -Simon’s four phases of decision making are intelligence, design, choice, and implementation.
Detailed explanation-4: -The Simons process, named after Joseph H. Simons entails electrolysis of a solution of an organic compound in a solution of hydrogen fluoride. An individual reaction can be described as: R3C–H + HF → R3C–F + H.
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