1. Which is the first step in the management decision-making process? Determine and evaluate possible courses of action. a. b. Review results of the decision. c. Identify the problem and assign responsibility. d. Make a decision. 6. Jedi Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials Direct Labor Variable Overhead Fixed Overhead $120,000 25,000 45,000 30,000 If Jedi Manufacturing Company can purchase the component externally for $190,000 and only $5,000 of the fixed costs can be avoided, what is the correct make-or-buy decision? a. Buy and save $5,000 b. Make and save $5,000 c. Make and save $15,000 d. Buy and save $15,000