Why Is Managerial Judgement Critically Important in Gathering Information About

question 19

Multiple Choice

Why is managerial judgement critically important in gathering information about costs?

• A)It is important in determining cost behaviour.
• B)It helps to broaden statistical estimation results.
• C)Costs are enhanced by only by new managers.
• D)It is necessary to understand revenues.

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Definitions:

Occipital Lobe

The area of the cerebral cortex situated in the rear part of the brain, tasked with interpreting visual data.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Parietal

Relating to the parietal lobe of the brain, which processes sensory information like touch, temperature, and pain.

Frontal

Pertaining to the frontal lobe of the brain, which is involved in decision making, problem solving, and controlling behavior.