which type of cost do you prefer that usefulness in managerial decision-making?
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Q: What are the characteristics of opportunity costs? Please explain them using examples
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which type of cost do you prefer that usefulness in managerial decision-making?
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- What are the characteristics of opportunity costs? Please explain them using examples you can find from the textbook.(Accounting for Decision Making and Control 10th Edition)given that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?How can managers effectively manage risk and uncertainty in their decision-making processes, and what tools and techniques are available to help them do so?
- When does the consideration of marginal costs compel one to make decisions that cannot be made in any other way?Managers make decisions, and the processes they use in decision making will determine their relative effectiveness. Describe some of the various processes, their merits, and usesExplain the DECISION MAKING UNDER CERTAINTY?
- What are the key elements of effective decision-making, and how can managers develop the skills required to make sound decisions in a wide range of contexts?Consider how contemporary business environments can be supported by a strategic focus on cost management, business analytics, and total quality management to enhance decision-making. Discuss how one of these alternative costing methods supports a company's ongoing competitive advantage in a business. Explain your rationale.When choosing whether to make, lease, or buy, a manager must consider the profits to be made under each consideration. Group startsTrue or False
- What are some possible reasons a business person would make an unethical decision? b. What are the risks of doing so?What kind of knowledge does simulation usually offer for decision-making?Toyota has a problem with unexplained acceleration problemsToyota has a problem with unexplained acceleration problems in some of its top models. It closed down plants and stopped production on several models.What types of r3esearch might toyota conduct to make these decisions?