COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The suppliers’ trustworthiness.
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The quality of the products.
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Humanity factor in terminating existing employees.
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All of the above
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Detailed explanation-1: -Examples of qualitative factors include the reputation and reliability of the suppliers, the long-term outlook regarding production or purchasing the product, and the possibility of changing or altering the decision in the future and the likelihood of changing or reversing the decision at a future date.
Detailed explanation-2: -Qualitative factors are those that data cannot easily quantify or measure. These factors rely on subjective knowledge that comes with understanding the ins and outs of a business and how outside variables can affect them.
Detailed explanation-3: -The make or buy decision refers to the problem encountered by an organization when deciding whether a product or service should be purchased from outside sources or manufactured internally.