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 strategy for responsible decision making?
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Listing alternative decisions
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Procrastination
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Impulse decisions
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Doing it on your own
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Explanation:
Detailed explanation-1: -The responsibility of decision-making is ultimately on the managers. However, in every organization there has to be a well-defined structure that determines who will manage the decisions pertaining to each department or function.
Detailed explanation-2: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.
Detailed explanation-3: -The Responsible Decision-Making Model Identify the problem. Analyze the situation. Brainstorm solutions and solve the problem. Consider ethical responsibility.
There is 1 question to complete.