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 steps in the management decision-making process does not generally involve the managerial accountant?
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Determine possible courses of action
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Prepare internal reports that review the impact of decisions
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Make the appropriate decision based on relevant data
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None of these answer choices are correct.
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Explanation:
Detailed explanation-1: -Making appropriate decisions based on relevant data is the task of executive-level managers; it does not involve managerial accountants.
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: -Three of the steps in management’s decision-making process are: (1) Review results of decision, (2) Identify the problem, (3) make the decision.
Detailed explanation-4: -The correct answer is a. Evaluate possible courses of action, make decision. The management decision-making process should be conducted in the following order: Evaluate all possible courses of action.
There is 1 question to complete.