1. According to our textbook, what criteria is used to determine whether a revenue or costitem is "relevant"? (5pts) 2. When evaluating short-term business decisions, explain why it is important to evaluate both quantitative (financial) and qualitative (non-financial) criteria. Perhaps including an example might be helpful. (5pts) 3. Here is a real-world business decision that NIC faces each year. I am on the Graduation Commencement Committee. Every year, our budget is in danger of going negative. One option for covering the negative is to ask the graduates to pay the $30 fee for their own graduation cap \& gown. Currently, NIC pays this cost, roughly $9,000 for our 300 graduates. What are some of the quantitative and qualitative factors that our committee should consider specific to that example. (5pts)