Answer to Question #149302 in Other for DDR

Question

Excellent Clothing Company is run by Ms Dilnaz and her son, Burzin. They manufacture dresses for women and have diversified into the production of masks since April’20 to take advantage of the huge demand for masks due to the recent COVID-19 impact. Till now the decisions were taken on an adhoc basis by the promoters. However, given the phenomenal growth in business, they understand the importance of having formal processes in place. You were hired as the Management accountant to enable them to formalize the decision making process in the company. Please advise them regarding the significance and components of the following 3 key steps involved in Decision making process of a company: a) Planning b) Directing c) Controlling

Answer 1

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