a$)$ Critically discuss various environments a management accountant may go through in a decision$-$making process and elaborate decision criteria in each case.

b$)$ You have been given the following investment decision making matrix:

States of Nature

Security Growth Medium Growth No Change Low

Bonds $16\%12\%11\%8\%$

Stocks $20\%14\%8\%-2\%$

Deposit $10\%10\%10\%10\%$

i$)$ Using appropriate computation, recommend which security an aggressive investor will invest in$.$

ii$)$ Using appropriate computation, recommend which security a conservative investor will invest in

iii$)$ Using appropriate computation, recommend which security a middle ground investor will invest in if coefficient of aggressive investor is $0\mathrm{.}6$ and conservative investor is $0\mathrm{.}4$

$2)$ The capacity for an organization to operate efficiently and effectively is critical for organization to succeed in the current turbulent and highly unpredictable and competitive environment. Elaborate how a Management Accountant can help in making decisions under such situations.