Managerial Accounting 1. How do decisions differ when there are multiple products, services, or uses for equipment? 2. What are sunk costs. Why don't they matter when making a decision? Have you ever...

Managerial Accounting
1. How do decisions differ when there are multiple products, services, or uses for equipment?
In deciding which option we will choose we will need all the information relevant to his decision; and we must have certain conditions when we can choose the best option. Some of the factors that affect the decision may not be reflected in the amount of money. Therefore, the manager will have to make 'quality' decisions, e.g. in deciding which of the two employees should be promoted to management. The decision of the 'plural', on the other hand, can occur when different factors, and the relationships between them, are considered.
2. What are sunk costs. Why don't they matter when making a decision? Have you ever let sunk costs affect your decision? 
Sunk costs are expenses that have already occurred and cannot be recovered in any way. The cost of drowning is not independent of any event and should not be considered when making an investment or project decision. All incurred costs are considered fixed costs. However, it is important to note that not all planned costs are considered drowning costs.
The deceptive assumption of capital constraints means that some investments or commitments are valid because the investments already invested will be lost in some way.
3. It is...