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 an example of an unstructured problem?
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finding the list price of different copy machines
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comparing gas mileage for different car models
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measuring pollution levels in a power plant
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choosing the best wardrobe for an executive
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Explanation:
Detailed explanation-1: -What are Unstructured Problems? Unstructured problems are novel and infrequent in nature. These types of problems may be difficult to recognize upon initial occurrence. Further, they may require specific analysis and research to fully understand.
Detailed explanation-2: -In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.
Detailed explanation-3: -In well-structured problems, there is only one correct, guaranteed solution, achieved by using specific pre established rules and procedures.
Detailed explanation-4: -What does it mean for a decision maker to maximize value? A. to make the decision to be as clear and logical as possible.
There is 1 question to complete.