COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In making decisions, managers must first recognize the importance of ____ and not make decisions that are either too hasty or too delayed.
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finances
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timing
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information
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Explanation:
Detailed explanation-1: -1. Frame the Decision. Pinpointing the issue is the first step to initiating the decision-making process. Ensure the problem is carefully analyzed, clearly defined, and everyone involved in the outcome agrees on what needs to be solved.
Detailed explanation-2: -Why is decision-making in management important? Decision-making in management is important because you may encounter situations where you have several options that may impact the workplace in different ways. They may affect employees, other members of management or the company’s reputation.
There is 1 question to complete.