The Role Of Cost Management Accounting Information In Decision Making Process

CHAPTER ONE INTRODUCTION1.1    BACKGROUND OF THE STUDY In a global market in the  in the contemporary economic environment all businesses need relevant and appropriate information quantitative as well as qualitative information which is adequate to survive and grow in a market. In current times, the market is unpredictable and dynamic in nature, the main objective of business organization is to maximize owners’ wealth or put in other words, to be profitable in the short-term as well as in the long-term.  As discussed above, all businesses must have a management informa…