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Cost-Based Decision in Public Sector

Author

Listed:
  • Carmen Cretu

    (Danubius University of Galati, Romania)

  • Victoria Gheonea

    (Danubius University of Galati, Romania)

  • Carmen Sirbu

    (Danubius University of Galati, Romania)

Abstract

Management decision must be based on relevant costs (costs that allow for the best measures for business management), recognized by their forecasting characteristics which records hidden or opportunity costs, social costs and outsourced costs. Correctly predicted a profit is to build costs for possible revenue. The cost is a sacrifice, resource consumption. Because decisions aimed at future activities, the management calls in this respect, detailed information on future costs, some of which are not included in accounting data collection system. The power of decision maker on costs is therefore limited.

Suggested Citation

  • Carmen Cretu & Victoria Gheonea & Carmen Sirbu, 2011. "Cost-Based Decision in Public Sector," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 31-43, October.
    • Handle: RePEc:dug:actaec:y:2011:i:5:p:31-43
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1055/937
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    References listed on IDEAS

    as
    1. Sorin Briciu & Florentina Sas, 2009. "The Crisis And The Cost Management," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-27.
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    Cited by:

    1. Nuta Alina Cristina, 2012. "A Keynesian view on the management of fiscal and budgetary instruments," EuroEconomica, Danubius University of Galati, issue 3(31), pages 67-71, August.

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