Answer Happy

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