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 the third step in the problem solving process?
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Define problem
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Identify decision criteria
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Evaluate alternatives
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Implement decisions
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Explanation:
Detailed explanation-1: -Finding as many solutions to the problem, no matter how outlandish they may seem. Looking at how each solution relates to the root cause and symptoms of the problem.
Detailed explanation-2: -Step 3: Implementation and Resolution: Once the root cause has been identified, the solution is relatively easy to implement. The core challenge in this step is ensuring the solution is validated and tested thoroughly before putting it into effect.
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