Information for Decision Making: Readings in Cost and Managerial Accounting e-book
by Alfred Rappaport
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Information for Decision Making: Quantitative and Behavioural Dimensions.
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In everyday life, decisions are made. A personal decision affects an individual but organizational decisions cause a change, good or bad, to a lot many people known as stakeholders. So decision making in an organization must be systematic and not off the cuff. A good executive must be good at decision making. It poses a problem of allocation or assignment.
Lecture Notes in Information Systems and Organisation
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The costs include compensation of personnel, purchase and operations of computers, and the time spent by users reading and understanding the information. Benefits include improved decisions, more effective planning, improved efficiency, and better control of operations.
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stakeholder management. management and stakeholder management provide for managerial decision-making. at least under certain conditions) and will affect compensation.
It helps them plan their business’s activities and control its operations. For example, suppose a marketing executive needs to set a price for a new product.