What types of control systems do managers use?How does business risk affect management decision making?

The Role of Accounting Information in Management Decision Making
Chapter 1: The Role of Accounting Information in Management Decision Making
Eldenburg & Wolcott’s Cost Management, 2e Slide # 2
Chapter 1: The Role of Accounting Information in
Management Decision Making
Learning objectives
Q1 – What is the process of strategic management and decision making?
Q2 – What types of control systems do managers use?
Q3 – What is the role of accounting information in strategic management?
Q4 – What information is relevant for decision making?
Q5 – How does business risk affect management decision making?
Q6 – How do biases affect management decision making?
Q7 – How can managers make higher-quality decisions?
Q8 – What is ethical decision making, and why is it important?

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