Evaluating use of costing techniques for management decision

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Reference no: EM1335109

Q1) Which of the methods for decision making without probabilities best protects the decision maker from undesirable results?

a. the optimistic approach

b. the conservative approach

c. minimum regret

d. minimax regret

Q2) Critically evaluate the use of costing techniques for management decision making as well as the specific use of absorption and variable costing systems. Evaluate the use of costing tehniques for decision making.

Reference no: EM1335109

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