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- What are the characteristics of opportunity costs? Please explain them using examples you can find from the textbook.(Accounting for Decision Making and Control 10th Edition)which type of cost do you prefer that usefulness in managerial decision-making?How can you use concept of time value of money for a housing decision (mortgage)?
- Explain incremental decision making and give exampleExplain the whole decision making process using a practical example of each step of the process.Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)