1-The relevant information for long term decisions is:

the timing of the differential cash flows associated with the decision

the total differential cash flows associated with the decision

the total differential profit associated with the decision

the timing of the differential profit associated with the decision

2-Over the entire life of a long term decision, the relationship between the total differential cash flow and total differential profit is:

Differential profit will always be less than differential cash flow.

Cannot answer without specifics regarding the decision.

They will always be equal.

Differential profit will always exceed differential cash flow.

3-What is the question being asked by the third component of a Control System?

a-What do you want?

b-How do you feel about what you got?

c-What did you get?

d-What are you going to do about how you feel?