ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What diagrams do we need to know off by heart?!!!
A
Audit cycle
B
Quality cycle
C
Swiss cheese model
D
Gibbs reflective cycle
Explanation: 

Detailed explanation-1: -It offers a framework for examining experiences, and given its cyclic nature lends itself particularly well to repeated experiences, allowing you to learn and plan from things that either went well or didn’t go well.

Detailed explanation-2: -Step 4 – Analysis Analysis attempts to explain why the experience was positive or negative and should form the largest section of your reflection. Take into account points made in the previous steps and identify any factors which helped you e.g. previous experiences, carrying out research or consulting with others.

Detailed explanation-3: -Reflective thinking essentially involves three processes: experiencing something, thinking (reflecting) on the experience, and learning from the experience.

There is 1 question to complete.