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 of the following is a solution that is chosen from among alternatives?
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Decision-making
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Problem
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Uncertainty
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Decision
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Explanation:
Detailed explanation-1: -Selecting one from the various alternatives is called decision making.
Detailed explanation-2: -The selection of best alternative from many alternatives is known as decision-making. Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the organization and departments.
Detailed explanation-3: -Decision-making is the process of choosing from various alternatives to solve a given problem. Hence statement 2nd is correct.
There is 1 question to complete.