Question: What real world issue can be applied to the six key concepts of decision making from an accounting standpoint? Six key concepts follow: 1. identify

What real world issue can be applied to the six key concepts of decision making from an accounting standpoint? 


Six key concepts follow: 



1. identify alternatives. 



2. set a criterion for choosing between the alternatives 



3. Differential analysis 



4. Sunk costs 



5. Future costs and benefits that do not change 



6  taking opportunity costs into account.

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