COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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perspective, alternatives
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clarifies, solutions, evaluates, implements
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participative decision-making
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systematic
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Detailed explanation-1: -Participatory Decision Making is a creative process to give ownership of decisions to the whole group, finding effective options that everyone can live with. One form of this is consensus, which these pages look at further.
Detailed explanation-2: -In a participative decision-making process each team member has an opportunity to share their perspectives, voice their ideas and tap their skills to improve team effectiveness and efficiency. Participatory decision-making can have a wide array of organizational benefits.
Detailed explanation-3: -[edit]Kinds of Participative Decision-Making They are: Collective PDM, Democratic PDM, Autocratic PDM, andConsensus PDM. A PDM style includes any type of decision transfer from a superior to their subordinates (Sager 1999).