1) When making Managerial decisions, explain what financial and non-financial information is involved in the decision making process?

2) Explain the following concepts utilized in Incremental Analysis--Relevant Costs, Opportunity Costs and Sunk Costs?

3) What is the purpose of incremental analysis used by a company?

4) Why do we only look at relevant costs in accepting or rejecting a special order at a set price? What assumptions are made in this decision-making process?

5) What factors do we look at to determine whether or not to make a product or buy it from someone else?

6) Explain what costs are reviewed in determining whether to sell or process materials further? What decisions rule is used?

7) what considerations are used to determine whether to repair, retain or replace existing equipment?

8) what is the Decision Rule that is utilized in deciding whether to eliminate an unprofitable segment or product?