COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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perfectly rational
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clear and straightforward
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situations in which all options are known
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situations in which all options are not known
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Detailed explanation-1: -What are Unstructured Problems? Unstructured problems are novel and infrequent in nature. These types of problems may be difficult to recognize upon initial occurrence. Further, they may require specific analysis and research to fully understand.
Detailed explanation-2: -Unstructured problems are the problems with the majority of qualitative parameters with unknown quantitative dependencies.
Detailed explanation-3: -At operational levels, the structured problems are sales order processing and approving customer credit, semi-structured problem is product scheduling while unstructured problem is selecting media devices for advertising.
Detailed explanation-4: -Unstructured decisions are those in which the decision maker must provide judgment, evaluation, and insights into the problem definition. Structured decisions, by contrast, are repetitive and routine, and decision makers can follow a definite procedure for handling them to be efficient.
Detailed explanation-5: -Structured problems are straightforward issues that can be resolved and addressed by rehashing, assessing, and testing. The programmed decisions are related to structured situations to solve complex decisions. These decisions are repetitive in nature, with a set of rules to formulates the process.