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Formal method of making choices considering help of quantitative and qualitative...

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Management Accounting
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Formal method of making choices, considering help of quantitative and qualitative analysis is classified as

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Correct Answer: Option B
Formal method of making choices, considering help of quantitative and qualitative analysis is classified as decision method. Decision-making is the process of identifying and choosing alternatives based on the values, preferences and beliefs of the decision-maker. Every decision-making process produces a final choice, which may or may not prompt action.
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