In order to make a good decisions, management must rely on:
A)The company's audited financial statements.
B)Historical documents such as bank statements.
C)Employee input.
D)The evaluation of the costs and benefits of each decision.

Question

Quizplus · Accepted Answer

Evaluating the costs and benefits of each decision is crucial for making informed and effective decisions. While financial statements and historical documents can provide important information, they may not always give a complete picture of the costs and benefits of a particular course of action. Employee input is also valuable, but it should be considered in conjunction with other factors such as financial analysis and market research. Therefore, the best choice for making good decisions is to evaluate the costs and benefits of each option.

In Order to Make a Good Decisions, Management Must Rely