ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The process of identifying problems and opportunities and then resolving them
A
social responsibility
B
ambiguity
C
decision making
D
certainty
Explanation: 

Detailed explanation-1: -Decision making is the process of identifying problems and opportunities and then resolving them. Decision making involves effort both before and after the actual choice.

Detailed explanation-2: -To make a decision, you must first identify the problem you need to solve or the question you need to answer. Clearly define your decision. If you misidentify the problem to solve, or if the problem you’ve chosen is too broad, you’ll knock the decision train off the track before it even leaves the station.

There is 1 question to complete.