As a study aid, your classmate Pascal Adams has prepared the following list of statements about decision-making and incremental analysis. Identify each statement as true or false.

1.		The first step in managements decision-making process is, Determine and evaluate possible courses of action.		select an option TrueFalse
2.		The final step in managements decision-making process is to actually make the decision.		select an option TrueFalse
3.		Accountings contribution to managements decision-making process occurs primarily in evaluating possible courses of action and in reviewing the results.		select an option TrueFalse
4.		In making business decisions, management ordinarily considers only financial information because it is objectively determined.		select an option TrueFalse
5.		Decisions involve a choice among alternative courses of action.		select an option FalseTrue
6.		The process used to identify the financial data that change under alternative courses of action is called incremental analysis.		select an option TrueFalse
7.		Costs that are the same under all alternative courses of action sometimes affect the decision.		select an option TrueFalse
8.		When using incremental analysis, some costs will always change under alternative courses of action, but revenues will not.		select an option TrueFalse
9.		Variable costs will change under alternative courses of action, but fixed costs will not.		select an option FalseTrue