COST ACCOUNTING
INFORMATION FOR DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Step 2:Gather relevant information
|
|
|
Step 2:Think about your decision
|
|
|
Step 4:Blame the evidence
|
|
|
Step 4:Weigh the evidence
|
Detailed explanation-1: -As you go through this difficult internal process, you’ll begin to favor certain alternatives: those that seem to have a higher potential for reaching your goal. Finally, place the alternatives in a priority order, based upon your own value system.
Detailed explanation-2: -The four steps to decision making Establish decision-this is by far one of the most valuable tools used in decision making, it allows you to pick and choose between wants vs. needs. Evaluate and prioritize the importance of each decision. Evaluate-how will your choice come in effect with your life?
Detailed explanation-3: -Weigh the alternatives: define your evaluation criteria. Select the preferred alternative: which choice/s will best meet your objectives? Consider the consequences: what could be potential future outcomes? Identify the best solution: which option is the best for you?
Detailed explanation-4: -The four steps to the creative process are: preparation, incubation, illumination, and implementation.