Managers That Compare the Predicted Cost Amounts Against Actual Costs

question 122

Multiple Choice

Managers that compare the predicted cost amounts against actual costs to evaluate how well they did on a specific job is an example of which step in the five-step decision-making process?

• A)Step 1: Identify the problems with uncertainties.
• B)Step 2: Obtain information.
• C)Step 3: Make predictions about the future.
• D)Step 4: Make decisions by choosing among alternatives.
• E)Step 5: Implement the decision,evaluate performance,and learn.

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