COST ACCOUNTING
INFORMATION FOR DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the FIRST step of the decision-making process?
|
|
make a plan!
|
|
|
make a decision
|
|
|
determine need or want
|
|
|
evaluate choices
|
Explanation:
Detailed explanation-1: -You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.
Detailed explanation-2: -The four steps to decision making Establish decision-this is by far one of the most valuable tools used in decision making, it allows you to pick and choose between wants vs. needs. Evaluate and prioritize the importance of each decision. Evaluate-how will your choice come in effect with your life?
There is 1 question to complete.