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Decision Making Process
Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below:
Figure: The decision-making, planning and control processFigure above represents a diagram of a decision-making model. The first five stages symbolize the decision-making of the planning process. Planning includes making choices among alternatives and is mainly a decision-making activity. The final two stages symbolize the control procedure, which is the procedure of measuring and correcting real performance to ensure that the alternatives that are chosen and the plans for implementing them are carried out. Let consider each of the elements of the decision-making and control process.
FOR each of the following cases, indicate why management and the auditors determined that control deficiency was a material weakness. Case1. In our assessment of the effectiveness
What is Sealed bid pricing Another from of competition oriented pricing is the sealed bid pricing. In a large number of projects, industrial marketing and marketing to the gove
Explain the Organization and Control System of a Car Company? A car company along with its three product lines. Line A is planned at the luxury segment, Line B at the upscale s
I only need the formulas in excel put in.
1. Compute the predetermined overhead rate.
Cost Behavior A firm's cost position results from the cost behavior of its value activities. The cost behavior is based on a number of structural factors which influence cost
distinguish between cost unit and cost centre
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INTERPRATATION OF VARIANCE Controllability, Materiality and Trend are the interpretation of variance. The point of comparing flexed budget and real figures is to see what corre
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