Question: Question 1 (3 points) Identify whether the information in each of the following situations is relevant to the decision. You may select more than one.
Question 1 (3 points) Identify whether the information in each of the following situations is relevant to the decision. You may select more than one. Expected future gas prices when deciding whether to buy a hybrid or gas-only car Passenger comfort when an airline is deciding whether to reduce legroom in order to place more seats on a plane The packaging costs for a finished product when management is deciding whether to make some of its components in-house or outsource their production The opportunity costs related to a decision about whether to attend graduate school full time or take a full-time job Amount paid two months ago to repair your car when you are now deciding whether to keep it or get a more reliable one The property taxes on a restaurant when deciding whether to limit customer seating to 50% of capacity during the Covid-19 pandemic, or operate at 100% capacity Tuition cost at the university when you are deciding whether to major in Supply Chain Management or Accountancy The number of labor hours needed to manufacture each unit of various products when a company can only operate at 50% capacity due to social distancing limitations The impact on a company's reputation when it is disclosed that they are selling customer information to other companies
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