Page 19 - F2 - MA Integrated Workbook STUDENT 2018-19

Accounting for management

4.3 Decision making

Decision making involves considering information that has been
provided and making an informed decision. In most situations

decision making involves making a choice between two or more
alternatives

4.4 Control

Information relating to the actual results of an organisation helps managers to assess
performance and re-assess and amend budgets or plans.

Illustrations and further practice

Now try TYU questions 2 and 3 from Chapter 1

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