Making decisions is an important management function. The
key to making important managerial decision is
---------------------- blank analysis. We need to
consider both financial and non-financial information, financial
information such as blank and non-financial
information such as
-------------------------,----------------------
blank . blank cost is. a cost that has
already been incurred and cannot
be---------------------------- blank regardless of what
a manager decides to do. The key to successful decision making
is to focus on
---------------------------blank costs and--------------------------------
blank as well as------------------------------------
blank costs while ignoring
everything else. Opportunity costs also need to be
-------------------------- blank when making decisions.
An opportunity cost is the potential benefit that is given up
when one-------------------------------------- blank is
selected over another.
costs
relevant
sunk
considered
alternative
effect on employees turnover
differential
avoided
opportunity
benefits
Making decisions is an important management function. The key to making important managerial decision is --------------
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