The fourth step in decision making process is ____________?
Correct answer: B. making decisions
- A. linear correlation
- B. making decisions
- C. implement decisions
- D. evaluate performance
Explanation
After identifying the problem, considering alternatives, and analysing relevant information, the fourth step is to make the decision. Implementation and performance evaluation follow the decision.
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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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