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What else can I help you with?
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.
Criticisms of absorption costing?
Full costing information is perceived by some critics as not very useful, because it can be backward-looking: example- it includes information irrelevant to decision making, but excludes some relevant information.
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.
Two common areas of accounting that respectively provide information to internal and external users are?
Internal users with information are managerial accounting is to provide relevant and timely information for managers' and employees' decision-making needs. (private accounting) External users of accounting information include customers, creditors, and the government. These users are not directly involved in managing and operating the business are call financial accounting. Their job is to provide relevant and timely information for decision-making needs of users outside of the business. 1. managerial accounting and financial accounting
The most relevant costs that should be used in decision making are?
dadada
Information that is not relevant to the decision at hand is called incomplete?
no
How does learning about body system help you make informed decision about your health?
An informed decision requires relevant information. Health means the degree to which the body is functioning in the normal manner. So information about the body is very relevant.
When Dale made the decision to sell his stock in copper he was using a report generated by his decision support information system. How can Dale be sure that his report gives him relevant information?
dale needs to configure the information system to produce specific types of data that are relevant to his business needs
When Dale made the decision to sell his stock in copper, he was using a report generated by his decision support information system . How can Dale be sure that his report gives him relevant information?
dale needs to configure the information system to produce specific types of data that are relevant to his business needs
Where can you find the date a question and answer was added?
On the "Question History" page there is all relevant information next to the actual contribution.
What is a relevant result?
A relevant result is one that directly addresses the information or question being asked, providing valuable and applicable information or insights. It is important in research and information retrieval to ensure that the results are relevant to the topic at hand to meet the intended purpose.
How does the speed of information impact decision-making processes in today's fast-paced world?
The speed of information in today's fast-paced world can impact decision-making processes by providing real-time data and updates, allowing for quicker analysis and decision-making. However, the abundance of information can also lead to information overload, making it challenging to sift through and prioritize relevant data. As a result, decision-makers must be able to quickly assess and filter information to make timely and informed decisions.
Does more information mean relevant for good decision making?
The quantity of information and the relevance of information are two separate factors. One does not imply the other.
What is it called when a paragraph providing relevant information about each character goes between the introductory paragraph and the first body paragraph in a compare-and-contrast character analysis?
relevant information about each character
All future costs are relevant in decision making?
Future costs are relevant in decision making if the decision will affect their amounts. For example, suppose you're trying to decide whether to drive to work or take the bus. Relevant future costs information includes (1) the cost of gasoline and tolls needed to drive to and from work and (2) the cost of bus fare because both of these costs depend on your decision. However, future costs that won't change - such next month's rent on your apartment - are not relevant because, regardless of your decision, they will not change. Note that past costs are never relevant in decision making.
Are all future cost are relevant in decision making?
Future costs are relevant in decision making if the decision will affect their amounts. For example, suppose you're trying to decide whether to drive to work or take the bus. Relevant future costs information includes (1) the cost of gasoline and tolls needed to drive to and from work and (2) the cost of bus fare because both of these costs depend on your decision. However, future costs that won't change - such next month's rent on your apartment - are not relevant because, regardless of your decision, they will not change. Note that past costs are never relevant in decision making.
What is nationally is your personality?
American
