Managerial Decision Makers Must Often Consider Non-Economic Factors as Well

question 101

Multiple Choice

Managerial decision makers must often consider non-economic factors as well.For example,when considering whether to eliminate a product line,managerial accountants with an emphasis on sustainability should consider the employee job loss implications as well.This represents sustainability within a:

• A)make-or-buy decision.
• B)keep-or-drop decision.
• C)sell-or-process further decision.
• D)special-order decision.

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Definitions:

Job Simplification

The process of breaking down tasks into their simplest components and removing unnecessary steps to increase efficiency and productivity.

Specialized Tasks

Specific activities or duties that require particular skills or knowledge, often designated to individuals or teams with those skills.

Work Procedures

Guidelines or rules designed to outline the preferred method of accomplishing tasks efficiently and effectively within a workplace.

Paired Comparison

A method used to evaluate, rank, or choose between alternatives by comparing them directly with each other in pairs.