ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Strategy in which a person hands over control or lets someone else decide
A
play it safe
B
impulse
C
compliance
D
escape
Explanation: 

Detailed explanation-1: -decision making strategy in which you hand over control or let someone else decide. decision making strategy in which you consider every detail of every option over and over again. decision making strategy in which you choose the alternative with the lowest level risk. consists of five steps:1.

Detailed explanation-2: -Procrastination. Strategy in which a person delays making the decision until someone else makes the decision or until options disappear; deciding “ By default “

Detailed explanation-3: -Escape-decision-making strategy in which you avoid a decision or make up and answer to deflect injury. Procrastination-decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding by default.

Detailed explanation-4: -An emergent strategy is an unplanned strategy that arises in response to unexpected opportunities and challenges. Sometimes emergent strategies result in disasters.

There is 1 question to complete.