COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The three main models that managers use to make decisions are ____
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rational, irrational, and bounded rational
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intuitive, unintuitive, and rational
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bounded rational, intuitive, and systematic
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rational, bounded rational, and intuitive
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Explanation:
Detailed explanation-1: -Thereare three major ethical approaches that managers might use in making an ethicalchoice-a utilitarian or consequence approach, a negative or positive rightsapproach, or a virtue-based ethical reasoning approach.
Detailed explanation-2: -Step 3: Weigh Decision Criteria Because the criteria identified will seldom be equally important, you will need to weight the criteria to create the correct priority in the decision.
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