COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scarcity
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Goal
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Opportunity Cost
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None of these answers
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Detailed explanation-1: -A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines.
Detailed explanation-2: -A goal is a result that a person aims for and works hard to reach.
Detailed explanation-3: -Some common synonyms of goal are aim, design, end, intention, intent, objective, object, and purpose. While all these words mean “what one intends to accomplish or attain, ” goal suggests something attained only by prolonged effort and hardship. worked years to reach her goals.
Detailed explanation-4: -Goal setting definition Goal setting refers to the process of setting specific, attainable targets for individuals or groups. It is a motivational technique which can help the employees to understand the business goals, and motivate them to rise to the challenges.