COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rational decision making is best used
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when you need to make a decision based on facts
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When you base a decision on a hunch
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you should always use this way, when possible
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none of these
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Explanation:
Detailed explanation-1: -Rational decision making-The benchmark for making effective decisions. Rational decision making brings a structured or reasonable thought process to the act of deciding. The choice to decide rationally makes it possible to support the decision maker by making the knowledge involved with the choice open and specific.
Detailed explanation-2: -Rational decision making leverages objective data, logic, and analysis instead of subjectivity and intuition to help solve a problem or achieve a goal. It’s a step-by-step model that helps you identify a problem, pick a solution between multiple alternatives, and find an answer.
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