COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One basis for making programmed decisions is ____
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a lack of information
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a set of decision rules
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movement
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group formation
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Explanation:
Detailed explanation-1: -Programmed decisions are those that are repeated over time and for which an existing set of rules can be developed to guide the process.
Detailed explanation-2: -The process of decision-making is done on the bases of culture, perceptions, belief systems, values, at-titudes, personality, knowledge, and the insight of the de-cider(s) [4, 5]. It is assumed that most of the time decision-making is a ra-tional process.
Detailed explanation-3: -Programmed decisions are also sometimes referred to as routine or low-involvement decisions because they don’t require in-depth mental processing to reach a decision.
There is 1 question to complete.