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to know if the project can be executed or not. its the window opener to help ensure that the resources are available.
Buddy Pacocha
Wiki User
∙ 15y agoThe Cost concept is important for decision making
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Elaborate the cost concept is important for decision making?
Cost concept for Decision making ?
Why is the cost of capital concept so important?
Cost of capital is cost of debt and cost of equity. The concept of cost of capital is important as it depicts the opportunity cost of making a specific investment.
Which costs is often important in decision making but is omitted from conventional accounting records?
opportunity cost
Role of cost accounting in managerial decision making?
Role of cost accounting in managerial 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.
Why is opportunity cost important?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
Why is opportunity is important?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
Why you afraid in making a decision?
Afraid of making the wrong decision that will cost you a relationship, friendship or a live.
What can a decision-making grid do?
help you determine the oppotunit cost of your decision.
What can decision making grid do?
help you determine the oppotunit cost of your decision.
Is variable cost a relevant cost?
No. If a variable cost does not differ between alternatives than it is irrelevant.
Cost benefit analysis is similar to what?
Basic decision making.
