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It's related to Cost Accounting Course How can managers make higher-quality decisions? Give an example of...

It's related to Cost Accounting Course

How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision?

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Answer #1

Managers can take higher quality decision by using a good information system which can enable them to take quality decisions by helping them to take more informed decision, selection of alternatives, evaluate all alternatives and choose the appropriate one.

These days’ managers use high end decision making tools including tools having Artificial Intelligence for taking decision involving complex decisions.

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