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How cost analysis is useful in decision making?

Updated: 9/17/2019
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Q: How cost analysis is useful in decision making?
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Cost benefit analysis is similar to what?

Basic decision making.


What is cost-benefit analysis similar to?

Basic decision making.


Cost-benefit analysis is similar to what?

Basic decision making.


What Cost-benefit analysis is similar to?

Basic decision making.


Is similar to cost benefit analysis?

Basic decision making.


What is an essential part of making a rational decision?

doing cost-benefit analysis


What is social cost benefit analysis?

Making a decision by listing pros and cons. -apex


What are the topics covered in management accounting?

Objective: This course aims at introducing the student to how useful accounting information is prepared, and how it is effectively used, for the purpose of decision-making.Course content: Overview and introduction to management accounting Cost Concepts, Classifications, Terminology and behavior, Job costing and Activity Based Costing, inventory Costing and Capacity Analysis, Cost-Volume-Profit Analysis, Short-term Decision-Making and Relevant Costing, Long-term Decision Making, Pricing Decisions, Master Budget and Flexible Budgeting and variance analysis.


What is the last step of the cost benefit analysis?

Step 6--Use the Economic Analysis for Decision Making


Which of the following is a simple way of describing cost-benefit analysis?

Making a decision by listing pros and cons.


which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?

Cost-benefits analysis


What is marginal analysis?

A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action