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Question 3 In any decision-making process, it is important for the manager to gather the correct information which will include certain management accounting terms that
Question 3 In any decision-making process, it is important for the manager to gather the correct information which will include certain management accounting terms that are needed before any short term decision- making can be done. In line with this, distinguish the following terms with examples or illustrations in a short-term decision-making context: a) Relevant costs and Irrelevant costs (10 marks) b) Avoidable and unavoidable costs (5 marks) c) Controllable and uncontrollable costs (5 marks) d) Incremental Costs and Marginal cost (5 marks) (Total: 25 marks) The END
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