The formal method of making choices, considering help of quantitative and qualitative analysis is classified as ____________?
Correct answer: D. decision method
- A. quantitative analysis
- B. linearity methodTry Prep Courses
- C. qualitative method
- D. decision method
Explanation
A decision method combines quantitative analysis, such as costs and profits, with qualitative analysis, such as quality or employee effects, to select among alternatives. The other choices refer only to one type of analysis or are not the general decision process.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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