Ebook Diploma in business management: Managerial accounting - Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Diploma in business management: Managerial accounting - Part 2
Ebook Diploma in business management: Managerial accounting - Part 2
Study Unit 9Planning and Decision MakingContentsPageIntroduction168A.The Principles of Decision Making168Effective Decision-Making168Levels of Decisio Ebook Diploma in business management: Managerial accounting - Part 2 on Making169Stages of the Decision-Making Process171B.Decision-Making Criteria173Quantitative Factors173Qualitative Factors174Thinking for Decisions175c.Costing and Decision Making175Relevant Costing175Differential Cost Analysis176Sell or Process Further177© ABE and RRC168 Planning and Decision Maki Ebook Diploma in business management: Managerial accounting - Part 2 ngINTRODUCTIONEarlier in the course we examined the types and sources of information which management require in order to make decisions. Following onEbook Diploma in business management: Managerial accounting - Part 2
from that, we considered how information can be categorised in terms of cost analysis to provide management with what they require in the appropriateStudy Unit 9Planning and Decision MakingContentsPageIntroduction168A.The Principles of Decision Making168Effective Decision-Making168Levels of Decisio Ebook Diploma in business management: Managerial accounting - Part 2 ing when and why it is required and the steps involved in it.Management decision-making is complex and requires knowledge of:•management accounting principles and techniques•organisational objectives and functions•management techniques•the relationship between an organisation, its members and its en Ebook Diploma in business management: Managerial accounting - Part 2 vironment.A. THE PRINCIPLES OF DECISION MAKINGWe can state this quite simply as making the right decision at the right time in the right place. WhileEbook Diploma in business management: Managerial accounting - Part 2
this objective is simple to state, it is far more difficult to achieve.•The right decision can only be made by analysing the circumstances which relatStudy Unit 9Planning and Decision MakingContentsPageIntroduction168A.The Principles of Decision Making168Effective Decision-Making168Levels of Decisio Ebook Diploma in business management: Managerial accounting - Part 2 the appropriate time so that effective action can be taken.•The right place ensures that decisions are made in the most effective location. This is particularly important in large organisations with extended communication channels.Frequently the right place for making decisions is where the action t Ebook Diploma in business management: Managerial accounting - Part 2 hey relate to will be carried out.The whole point of management decision-making is that it should result in effective action.Effective Decision-MakingEbook Diploma in business management: Managerial accounting - Part 2
The effectiveness of any manager in today's business environment will depend upon his ability to make effective decisions. A business can only achieveStudy Unit 9Planning and Decision MakingContentsPageIntroduction168A.The Principles of Decision Making168Effective Decision-Making168Levels of DecisioStudy Unit 9Planning and Decision MakingContentsPageIntroduction168A.The Principles of Decision Making168Effective Decision-Making168Levels of DecisioGọi ngay
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