Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Decision Making Cycle
Steps in decision-making cycle are as:
a) Clearly define the objective that is to be the focus of the decision. This is significant in order that the decision makers contain a well-defined problem that has to be solved and not a vague idea that lacks clarity.
b) Consider the other strategies available to the satisfactory attainment of the objective. It is significant in order that the final decision agreed upon has taken account of all relevant possibilities.
c) Gather relevant information in order to compare other strategies in quantifiable terms. It may need considerable thought and effort in order to ensure about all relevant data are received.
d) Consider the qualitative factors that are likely to influence the decision. It is significant as an element in decision making. There may be non-quantifiable costs and benefits that lead to the final option of strategy being other than that providing the highest quantifiable return.
e) Compare the alternative strategies by utilizing both qualitative and quantitative data and then make a final decision.
f) Re-evaluate your decision; determine whether you are achieving the objectives and whether not, repeat the process.
explain any five qualities of accounting profession
Below find production and sales information for Herrestad Company. We will use this same company for all the SLPs in this course. Product information
Target Income Calculations Breaking even is not the bad thing, but surely not a satisfactory outcome for most businesses. In its place, a manager might be more interested in le
Q. A firm's total cost function is given by TC = 2Q 2 + 10. What are the firm's fixed cost, variable cost, average fixed cost, average variable cost, and marginal cost functions?
i want to know the different types of costs.
Production of a particular product costs $50 per material, $80 per labour and variable overhead is 75% of labour cost. If the selling price per unit is $230 and fixed cost amounts
Goga Ltd is busy building a five-star hotel in the area, they use the percentage of completion method to determine profits and would like to calculate the profit for the year. dra
Cash Budget - Budgetary Planning and Control This can records the cash outflows and inflows that are expected to take place in respect of every functional budget. This may be
what is cost audit? types of cost audit explain
Purpose of Cost Estimation In estimating it assists the future expenditure as cost prediction like the expenditure will depend upon the cost of the respective activities a)
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd