What Is Tactical Decision Making

question 54

Multiple Choice

What is tactical decision making?

• A)Decision making that consists of choosing among alternatives with a long term view.
• B)Decision making that consists of choosing among alternatives using only relevant cost information.
• C)Decision making that consists of choosing among alternatives with an immediate end in view.
• D)Decision making that consists of choosing among alternatives using only qualitative factors.

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Definitions:

Cost Allocated

The portion of expenses assigned to a specific product, service, or department within a company, as part of cost accounting practices.

Assembly Department

An Assembly Department is a section within a manufacturing facility where components are assembled into final products.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and overhead) in product costs and treats fixed costs as period expenses.