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Why a cost accumulation system is required for generating relevant cost information for decision making?
Wiki User
∙ 13y ago
cost accumulation is the collecting and gathering of all cost and become collected
Wiki User
∙ 13y ago
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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.
Why contribution theory is used as a basis for providing information relevant to decision making?
Fewhidiwj
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
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.
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 type of factual informatiion is revelvant in bioethical issue or decision?
Moral imagination and organizational settings are the types of factual information that is relevant in the bio-ethical issue or decision.
Steps involved in decision making process?
There are a number of steps involved in decision making process. Some of the key steps include gathering relevant information, analysis and evaluation of the information gathered and comparing the various options available before making a decision.
What costs are relevant in the decision to shut down the Clayton facility?
Which Costs Are Relevant In The Decision To Shut Down The Clayton Facility
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.
