COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False. Decision-making tools can help to increase the speed of decisions and improve the effectiveness and quality of decisions.
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True
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False
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Explanation:
Detailed explanation-1: -Decision-making tools can provide you with the ability to make informed selections you can feel confident about regardless of the type of choice with which you’re faced.
Detailed explanation-2: -SWOT analysis You can use this decision-making tool to analyze the strengths, weaknesses, opportunities, and threats related to your alternative options.
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