COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not one of the steps in Rational Decision making process
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Defining the problem
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Identifying the decision criteria
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Rating alternatives
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Selecting the decision that satisfices
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Explanation:
Detailed explanation-1: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.
Detailed explanation-2: -Seeking alternative solutions is not a step of decision making. Decision making is a very sensitive issue in which several steps remain included like proper planning, recognition or identification of problem, planning of possible way out and selection of different alternatives as per the demand of situation.
There is 1 question to complete.