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Unformatted text preview: managers in that the decision process of these arms require the quantitative representations of the different factors affecting the options the company has as regards the decision at hand. Quantifying these factors is a complex process, hence the use of analysis tool greatly increase accuracy. Nevertheless, if the data entered are wrong, then it is highly probable that the decision made based on the data will also be inaccurate and not the best course of action for the organization. Hence, it is also necessary for the firm to safeguard all its input-process-output activities to ensure that errors and inaccuracies are minimized. After all, no matter how right the analysis tools are, it will always be garbage in, garbage out....
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This note was uploaded on 05/04/2011 for the course ACCT 205 taught by Professor Shanakoh during the Summer '10 term at AIU Online.
- Summer '10