COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the fourth and fifth process in decision making?
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Weighting Criteria; Developing Alternatives
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Identifying Decision Criteria; Weighting Criteria
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Developing Alternatives; Analyzing Alternatives
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Identifying a Decision Problem; Identifying Decision Criteria
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Explanation:
Detailed explanation-1: -Analysing the problem, 3. Developing alternative solutions, 4. Selecting the best type of alternative, 5. Implementation of the decision, 6.
Detailed explanation-2: -Step 4: Make Your Decision Now that you have identified your goal, gathered all necessary information, and weighed the consequences, it is time to make a choice and actually execute your final decision.
Detailed explanation-3: -Step 5. Evaluate your decision. Once the resolution has been made, you still want to carefully evaluate the outcomes you achieve. Calculate for yourself how this commitment has impacted your life and your ability to achieve your goals.
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