COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They are unusual, never encountered before.
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They are complex, high degree of uncertainty.
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The existing state and desired state are understood.
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They often entail high risk.
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Detailed explanation-1: -Well-structured problems are those in which the initial state, goal state, and constraints are clearly defined. Solving WSPs requires procedural knowledge that follows a completely defined and step-by-step, or rote procedure.
Detailed explanation-2: -Examples of well-structured problems (King & Kitchner, 1994, 11) include: Converting a unit of measure between its English and metric equivalents, Solving for X in an algebraic equation, and Calculating the trajectory of a rocket’s flight.
Detailed explanation-3: -Well-structured problems do not require considering alternative arguments, seeking out new evidence, or evaluating the reliability of data and sources of information. Ill-structured problems, on the other hand, are problems about which reasonable people reasonably disagree.
Detailed explanation-4: -In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.