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The concept of relevant costs for decision-making applies to both personal and professional situations. To explore the use of relevant costs in real world situations,
The concept of relevant costs for decision-making applies to both personal and professional situations. To explore the use of relevant costs in real world situations, please use a past or present personal or professional decision to respond in full sentences to the requirements. You do not need to discuss actual dollar figures nor disclose any confidential information. Identify the decision you are going to analyze in terms of what you learned this week. Is this decision personal or work-related? In terms of the decision you are evaluating, Identify relevant costs and discuss why these costs are relevant to the decision. Every decision has two options, do or do not. Relate the relevant costs to which option they apply. Provide any additional factors which need to be taken into consideration in making the decision. Wrap up your discussion by describing one key point that you learned or which surprised you from looking at your decision making in this manner
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