COST ACCOUNTING
INFORMATION FOR DECISION MAKING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What should you try to balance when reducing decision-making risk?
|
|
cost and benefit of the decision
|
|
|
gathering information and time
|
|
|
gathering information and risk
|
|
|
gathering information and impact
|
Explanation:
Detailed explanation-1: -First, involve more people in the decision-making process. They’re going to give you additional information and offer perspectives you may not have thought of. Additionally, by involving them early, you’re reducing execution risk on the back end.
Detailed explanation-2: -What should you try to balance when reducing decision-making risk? little incremental input.
Detailed explanation-3: -Step 1: Identify the decision 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.
There is 1 question to complete.