Consider how the three competencies of managerial accountant might directly apply to your life and work environment when answering the questions below.

• Competency 1: Analyze key aspects of managerial accounting and capital budgeting to drive effective business decisions.
• Competency 2: Employ strategic decision-making methods to budget, track, analyze, and control business costs.
• Competency 3: Evaluate laws, regulations, and business risks associated with business operations.

Question #1:

How can net present value and approximate internal rate of return help you recommend appropriate investment opportunities? Why is it important to use strategic decision-making methods to control business costs? Explain how you would use the WH Framework for Business Ethics in order to analyze a business decision.