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∙ 10y ago
Omari Samtagwa
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What role does management accounting play in decision making?
provide specific examples of these questions with respect to the use of a coutry's scarce resources
What do you mean by decision making ability?
decision making ability means who can do decision right in right time.main theme of decision is don't be late.
Marginal costing is useful in?
Marginal costing is one of the technique of costing and is usefull for the decision making process. As in decision making process decision are always made for the future activities and not for past activities so if exept marginal costing any other costing method for example absorption costing method is used then there is a chance of making wrong decisions as in future decision making past decision and past data is not relevent for decision making.
Are sunk costs ever relevant for decision-making purposes?
NO, its cost which was wasted in past we can not recover it so it is not relevant for decision making.
What is the difference between relevant cost and irrelevant cost?
Relevant cost is that cost which is required for the specific decision making process or the cost which will be change due to specific decision while irrelevant cost has no concern with decision making or any specific decision.
Is Qualitative factors more important in business decision making as compared to quantitative factors?
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Qualitative factors in decision making?
considerations in decision making, in addition to the quantitative or financial factors highlighted by incremental analysis . They are the factors relevant to a decision that are difficult to measure in terms of money. Qualitative factors may include: (1) effect on employee morale, schedules and other internal elements; (2) relationships with and commitments to suppliers; (3) effect on present and future customers; and (4) long-term future effect on profitability. In some decision-making situations, qualitative aspects are more important than immediate financial benefit from a decision.
Determine factors affecting decision implementation in an organization?
what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making
What are two Of The Specific Necessary Decision Making Skills Include?
Qualitative and Quantitative
What are two of the necessary decision making skills?
Qualitative and Quantitative
What are two of the specific necessary decision making skills?
Qualitative and Quantitative
What are the two specific necessary decision making skills?
Qualitative and Quantitative
What two of the specific necessary decision making skill include?
Qualitative and Quantitative
Two of the specific necessary decision making skill include?
Qualitative and Quantitative
Communication skills leadership negotiation skills networking with colleagues and developing program plans are attributes of which decision making skill?
Qualitative
During which step of the decision-making process is it useful to use qualitative skills?
All of the above
FACTORS on how to make group communication and decision making effective?
factors that make group communication and decision-making effective?
