Meister Eckhart's Book of Divine Consolation
How to use Concessions in a distributive situation
DEFINITION: a brief definition of the key term followed by the APA reference for the term; this does not count
in the word requirement.
SUMMARY: Summarize the article in your own words- this should be in the 200-350 word range. Be sure to
note the article's author, note their credentials and why we should put any weight behind his/her opinions,
research or findings regarding the key term.
ANALYSIS: Using 350 - 500+ words, write a brief analysis, in your own words of how the article relates to the
selected chapter Key Term. An analysis is not rehashing what was already stated in the article, but the
opportunity for you to add value by sharing your experiences, thoughts and opinions.
Sample Solution
Information is important in management decision making. The objective of the management accounting system is to provide the best information for assessments of the amounts, timing and uncertainty of cash flows to the business from each alternative course of action available to the business.
The purpose of management accounting involves identifying the types of decision needed in management accounting in order to provide useful information for managers.
The main types of decision include:
- Output decision-These are decisions on what types of goods or services should be supplied, at what prices and in what quantities.
- Input decision-These are decisions on how the outputs should be produced, i.e. the allocation of quantities used in raw materials, labour etc.