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What do you mean by Decesion Making as a key step in planning?
Decision making is the main task of the management function i.e. planning. without the decision making it is very tough to decide what to do and where is to do. Planning is just a blueprint of the future planning but decision making is not very easy task it is very wide in itself. In case of the lack of the decision making it is not possible to fulfill your planning. for the accomplished of the desire outputs perfect decision making is very necessary. In short, decision making is the primary function of the planning as well as useful for the maintain management.
How can I effectively utilize a RAID log for project management purposes?
A RAID log is a useful tool for project management that helps track Risks, Assumptions, Issues, and Dependencies. To effectively utilize a RAID log, regularly update it with relevant information, prioritize items based on their impact, and use it to inform decision-making and mitigate potential risks throughout the project.
The role of computer in office management?
A computer is an essential part in the office and in every home in this modern era. It is useful for communication, maintaining a client list, writing letters, faxing, transfer of documents and files, managing accounts the list is endless......
What is quantitative approach?
A quantitative approach is always dealing with a quantity or numbers of some sort to prove a point. With the use of quantitative approach we improve our decision making power. It is especially useful in planning and control.
What is importance of Database Management?
database is collection of table...i.e it is collection of record or data.it is more useful than file management system....
What do you mean by Decesion Making as a key step in planning?
Decision making is the main task of the management function i.e. planning. without the decision making it is very tough to decide what to do and where is to do. Planning is just a blueprint of the future planning but decision making is not very easy task it is very wide in itself. In case of the lack of the decision making it is not possible to fulfill your planning. for the accomplished of the desire outputs perfect decision making is very necessary. In short, decision making is the primary function of the planning as well as useful for the maintain management.
Which tools of management accounting is useful to check the solvency of company?
decision accounting
Why management information system useful to corporate business?
Because one of the references needed in decision making, may it be; to expand, to improve, to acquire, to drop or to position, is: accurate and reliable information.
What is selling management style and when should we use this management style?
useful in teams where decision dont come easy when tea members try to establish themselves
During which step of the decision-making process is it useful to use qualitative skills?
All of the above
Two primary qualities that make accounting information useful for decision making are?
One quality that makes accounting good for decision making is the fact that it is reliable. Another reason accounting is good for decision making is the fact that the numbers have to be consistent, so it is easy to interpret.
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.
What is a scrum used for?
Scrum is an iterative method of product development and project management. Scrum methodology is highly useful in projects which involve uncertainty. Its approach to planning and managing projects is by bringing decision-making authority to the level of operation properties and certainties useful link: http://www.scrum-master.info
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.
Describe the features of useful management information?
useful management information
Why are ethics crucial to accounting?
Accounting aims to provide useful information for decision-making. For information to be useful, it must be trusted. Trustworthiness of information demands ethics in accounting.
Which systems support decision making by enabling users to extract useful information that was previously buried in large quantities of data?
DSS
