decision-making problems that could occur when using absorption costing include inappropriate decisions, and decisions made to products that are, in fact, profitable. multiple choice question. reporting; add strategy; produce pricing; drop production; focus upon

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26-10-2022
Business

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decision-making problems that could occur when using absorption costing include inappropriate decisions, and decisions made to products that are, in fact, profitable. multiple choice question. reporting; add strategy; produce pricing; drop production; focus upon

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pragyavermav1 pragyavermav1 · Answer 1 · 2022-11-04T06:44:33-04:00

Decision-making problems that could occur when using absorption costing include inappropriate produce pricing decisions, and decisions made to drop production products that are, in fact, profitable.

The significance of Decision-making lies in the manner it helps you in choosing among diverse alternatives. Earlier than making a decision, there may be a want to accumulate all available facts and weigh its pros and cons. It is vital to attention to steps that could assist in taking the proper choices.

Powerful choice-making is described here because of the technique through which options are selected after which controlled thru implementation to reap business objectives. 'powerful decisions end result from a systematic process, with definitely defined factors, that is handled in a wonderful collection of steps' [Drucker, 1967].

A very good choice-maker chooses actions that provide exceptional outcomes for themselves and others. They enter into the choice-making manner with open thoughts and no longer allow their very own biases to sway them. They make choices rationally, after gaining knowledge of alternatives and understanding the results.

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