Decision making environment, Managerial Accounting

Decision Making Environment

There are four main environments within that decisions can be done. These are:


•    Certainty
•    Risk
•    Fundamental uncertainty
•    Competition
•    Certainty environment

In this environment whole information is available as to which states of nature will take place. The decision making procedure just includes picking the best alternative.

Posted Date: 12/4/2012 6:45:20 AM | Location : United States







Related Discussions:- Decision making environment, Assignment Help, Ask Question on Decision making environment, Get Answer, Expert's Help, Decision making environment Discussions

Write discussion on Decision making environment
Your posts are moderated
Related Questions
stanley shoe company established a line credit with a local bank. the maximum amount that can be borrowed under the terms of the agreement is $100000 at an annual rate of 12%. a co


Direct materials,4yard at$3.50per yard...$14.00 Direct labor,1.5direct labor hours at $12.00 per direct labor hour....$18 Variableoverhead,1.5 direct labour hours at $2.00 per dire

The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipme

Problem From the following data, calculate overhead variances of following: (a) Variable overhead expenditure variance (b) Fixed overhead expenditure variance (c) Total ov

Prerequisites of a sound variances analysis system A variance analysis system would be good enough in controlling costs and evaluation performances if the following requirement

solutions for (POS) slow printing of sales tickets and unpredictable action of cash drawers. when credit approvals delayed the checkout process or when the computer was down, thus

Himalaya Ltd.'s Profit and Loss Account for the year ended on 31st December 2005 is specified below. You are needed to determine the working capital needs under operating cycle met

Human behavior and budgetary control An important feature of control in business is that control is exercised by managers over people. Their attitudes and response to budgetary

Suppose the spot price of gold is $1700 per ounce. The futures price for delivery in six months is $1712, while the futures price for delivery in one year is $1720. The interest ra