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urgent pleeesee help be Making decisions is an important management function. The key to making important managerial decision is analysis. We need to consider both

urgent pleeesee help

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be Making decisions is an important management function. The key to making important managerial decision is analysis. We need to consider both financial and non-financial information, financial information such as and non- financial information such as cost is a cost that has already been incurred and cannot regardless of what a manager decides to do. The key to successful decision making is to focus on costs and as well as costs while ignoring everything else. Opportunity costs also need to be when making decisions. An opportunity cost is the potential benefit that is given up when one is selected over another. costs relevant sunk considered alternative effect on employees turnover differential avoided opportunity benefits

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