COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Multi-voting and decision trees are examples of
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Decision-making tools
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Consultation
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Finance
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Power differentials
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Key personnel
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Explanation:
Detailed explanation-1: -What is multivoting? Multivoting allows a team to quickly come to a consensus on the relative importance of issues, problems, or solutions by accounting for individual importance rankings in a team’s final priorities. This technique: Builds commitment to the team’s choice through equal participation in the process.
Detailed explanation-2: -Decision-making tools help organizations identify all the activities that must take place for a decision to be made and executed well. Using these tools, organizations determine and define the roles that individuals will play in decisions of different types.
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