It is important to review the results of decisions because :
- An essential part of managerial accounting is feedback.
- There may be unforeseen expenses and advantages.
- Corrective measures might be required.
What is decisions ?
- The value of decision-making is found in how it aids in selecting one option over another.
- Before making a choice, it is crucial to gather all the information available and weigh the advantages and disadvantages.
- It's crucial to concentrate on the steps which guide you in making the best decisions. Identifying decisions, gathering data, and weighing potential solutions are all steps in the decision-making process.
- By putting pertinent information in order and defining alternatives, a step-by-step judgement process aids in the creation of more deliberate and thoughtful decisions.
- Choosing to change jobs, relocate, buy or sell a home, end or start a relationship, place a loved one in full-time foster homes, adopt a child, retire, etc. are a few examples.
- These examples alone can lead to anxiety and confusion.
To learn more about decisions from the given link :
https://brainly.com/question/29489697
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