Allocating resources in decision making process
Write down a short note on the Allocating resources in decision making process?
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Allocating resources: Resources accessible to a business are restricted and it is the responsibility of managers to try to make sure that they are employed in an efficient and valuable way. Decisions regarding such matters as the optimum level of output, the optimum mix of products and the suitable kind of investment in new equipment will all need management accounting information.
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
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