Question: M7-2 Identifying Steps in the Decision-Making Process [LO 7-1] Listed below are a number of activities managers may perform. Identify which of these activities are

M7-2 Identifying Steps in the Decision-Making Process [LO 7-1] Listed below

M7-2 Identifying Steps in the Decision-Making Process [LO 7-1] Listed below are a number of activities managers may perform. Identify which of these activities are steps in management's decision-making process. 3. Decision-Making Process 5. Non Decision-Making Process 1. Analyze how changes in cost structure affect CVP relationships. 2. Make the decision. Eliminate the product line. Evaluate the costs and benefits of the alternatives. Prioritize products to maximize short-term profits. Determine the decision alternatives. 7. Process the product further. Review the results of the decision. 9. Use cost-volume-profit analysis to determine sales needed to break even. 10. Identify the decision

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