ADMS 3510- Midterm Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)

• School: York University
• Department: Administrative Studies
• Course: ADMS 3510
• Professor: Roberto Umana

Document Summary

Adms 3510 ch 11 decisions making with a strategic emphasis: five steps of decision making progress, 1. Consider org. business environment & competitive strategy: helps determine right decision and focus on right question, 2. Specify criteria both quantitative and qualitative: think of alternatives, usually easily quantified, short term, achievable goal, 3. Performs analysis which decision-relevant info is developed/analyzed, using relevant cost analysis & strategic analysis. Identifies/collects relevant info about decision: makes predictions of relevant info, considers strategic issue involved in decision, 4. Manager selects best decision and implements it: 5. Irrelevant if no cost changes: sunk cost irrelevant cost incurred or committed for future, usually fixed cost, relevant if future cost will be incurred, pg. 396-397 ex. exhibit 11. 3 pg 397: batch level cost drivers, batch level cost varies depending on how many batches are released. In the ex. in the book, the batch is hour level of output for year (2000: exhibit 11. 4 pg.