From a decision-making point of view, should joint costs be allocated among joint products?
Managerial Decision Making Exam 1 Study Guide Chapter 1: o Four Forces: 1. Environment – Competition, Government, Public, etc. 2. Organizational – Interactions, Personality, Commitment, etc. 3. Task Demands – Functions, Responsibilities, etc. 4. Personal Needs – Individual’s Needs o Decision Making is synonymous with managing and leading. We must look at our failures to actually improve our decision making. Decision must be made on a timely and costeffective basis. o Three Key Components in Decision Making 1. The Decision Making Process 2. The Decision Maker 3. The Decision o Decision making is the process by which man