Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below. 1. Which of the following steps is considered the first step in the managerial decision-making process? a. Gather information and perform a differential analysis. b. Review, analyze, and assess the results of the decision. c. Identify alternative courses of action. d. Identify the objective of the decision in order determine the differential impact on income of two altkrnative courses of action is called 2. An analysis that evaluates differential revenues and co analysis. a. horizontal b. vertical c. ratio d. incremental 3. costs are costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions. a. Sunk b. Historical c. Product d. None of these choices are correct