In everyday life, we have to make decisions that can influence where we go and what we do in life. With countless options, it can be hard to make decisions without letting irrelevant or irrational factors influence our choices. The same principles of decision-making in managerial accounting can be applied to our everyday lives.

For example, let's examine the choice that students in this class made to attend Yorkville University. Please answer and discuss the following questions:

• What were some of the options that you had before deciding to attend Yorkville University? Where there other schools to consider or potential career opportunities?
• For international students, what led you to purse this degree and attend this school in Canada?
• What were some of the qualitative and quantitative factors that were considered?
• Where there any opportunity costs from attending this program? Explain.
• Looking back at factors that influenced your decision, were there any that were irrelevant or not as important as you had originally anticipated?
• How did you ultimately make the decision to attend Yorkville University?