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Cost Information – an Objective Necessity in Optimizing Decision Making

Author

Listed:
  • Petre Mihaela – Cosmina

    („Constantin Brancoveanu” University of Pitesti, Faculty of Management Marketing in Economic Affairs Braila)

  • Petroianu Grazia - Oana

    („Constantin Brancoveanu” University of Pitesti, Faculty of Management Marketing in Economic Affairs Braila)

Abstract

An overall growth can be registered at macro and micro level without achieving a development and this only under conditions of continuous improvement methods and techniques of organization and management within the unit. Cost and cost information play an important role being considered and recognized as useful and effective tools to reach any leader. They have features such as multiple facets to facilitate continuous improvement towards business unit. Cost awareness represents a decisive factor in decision – making or in planning further activities. The analysis and registration of data regarding past activities costs are only a facet of cost accountancy. Managers are also concerned with the future of costs, their level lying on supply and production decisions, as well as on some price policy.

Suggested Citation

  • Petre Mihaela – Cosmina & Petroianu Grazia - Oana, 2012. "Cost Information – an Objective Necessity in Optimizing Decision Making," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1288-1291, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1288-1291
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    More about this item

    Keywords

    decision; cost; efficiency; information;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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