ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When a manager likes to consider complex solutions based on as much data as they can gather, thier DM style is
A
Directive
B
Analytic
C
Conceptual
D
Behavioural
Explanation: 

Detailed explanation-1: -Analytical style Managers with an analytical style like to use as much data as possible and carefully consider many alternatives to resolve complex solutions in the best way possible. They often base their decisions on objective, rational data from management control systems and other sources.

Detailed explanation-2: -Managers using analytic decision making style would like to have more information and consider more alternatives before coming to a conclusion. They seek relevant information from their sources and consider factual and detailed information before taking any decision.

Detailed explanation-3: -Analytic decision-makers examine much information before taking action. For example, analytic leaders rely on direct observation, data, and facts to support their decisions.

Detailed explanation-4: -Analytical decision-makers are patient and deliberate, taking time to accumulate and process all the relevant data informing a decision. These leaders consider decisions from several perspectives and consult with different sources before making a decision.

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