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1. A method of decision making that focuses on the effect of alternative courses of action on the relevant revenues and costs is ......................... 1.

1. A method of decision making that focuses on the effect of alternative courses of action on the relevant revenues and costs is .........................

1. ____

2. The relevant financial factors to be considered in a lease or sell decision are differential costs and................................................................

2. ____

3. Costs that have been incurred in the past that are not relevant to the decision are called...........................................................................................

3. ____

4. In a decision to discontinue a product or segment, the relevant costs that will be eliminated are ..............................................................................

4. ____

5. Make or buy options often arise when a manufacturer has excess ......

5. ____

6. Decisions to replace usable fixed assets should be based on relevant costs. The relevant costs for a decision of this type are the replacement costs and the .....................................................................................................

6. ____

7. The law that prohibits price discrimination within the United States, unless differences in prices can be justified by different costs of serving different customers, is the...............................................................................

7. ____

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