Question
Management Accounting focuses on using relevant revenue and cost information to perform support decision-making functions of institutions. Using quantitative information to make decisions allows managers
Management Accounting focuses on using relevant revenue and cost information to perform support decision-making functions of institutions. Using quantitative information to make decisions allows managers to support decisions with measurable data. Although using quantitative factors for decision making is essential, management must also consider qualitative factors. Qualitative factors may outweigh the quantitative factors in making a decision. Using precise illustrations, discuss how the consideration of qualitative factors improves decision making.
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