Many mistakes are made in business because the relevant amounts and factors are not properly identified rather than because the amounts are not correctly calculated.
For each of the following scenarios and decisions, give examples of:
▪    Relevant quantitative items
▪    Relevant qualitative factors
▪    Amounts that are not relevant

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Scenarios and Decisions A university adding an extra class A restaurant opening for lunch rather than just for dinner A library dedicating space for a special collection of history books Outsourcing accounting, legal, and human resources services Providing training through a webinar or a face-to- face class A grocery store carrying more of its own "private house-brand label" products A theme park giving state residents an annual fixed fee pass at a discounted price A homebuilding supplies company having self- checkout or more cashiers Relevant Quantitative Relevant Amounts Qualitative Not Relevant