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 one of the following is not one of the seven steps to a decision
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define your needs and wants
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gather information
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wish for luck
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make a decision
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Explanation:
Detailed explanation-1: -Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.
Detailed explanation-2: -Seeking alternative solutions is not a step of decision making. Decision making is a very sensitive issue in which several steps remain included like proper planning, recognition or identification of problem, planning of possible way out and selection of different alternatives as per the demand of situation.
Detailed explanation-3: -1. Identify the decision. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it.
There is 1 question to complete.