In applying a relevant quantitative analysis technique to a non-routine operating decision, managers must:
A) Consider the quality of the information
B) Disregard the effect on the statement of profit or loss
C) Not use estimates
D) Interpret results in the most favourable way possible

Question

Quizplus · Accepted Answer

Considering the quality of the information is crucial in applying quantitative analysis techniques to non-routine operating decisions. This ensures that the analysis is based on reliable data, leading to more accurate and useful outcomes. Disregarding the effect on the statement of profit or loss, not using estimates, and interpreting results in the most favorable way possible are not advisable practices in sound decision-making.

In Applying a Relevant Quantitative Analysis Technique to a Non-Routine