Discussion 1
Think of and describe a decision in your personal or work life that you have made that is a relevant costing type of decision.
In your initial response share the costs and benefits of feasible alternatives.
What are the relevant and sunk costs of this decision?
How did you determine your decision?
Given what you know now, would you still make that same decision? Why or why not?
Discussion 2
Explain what operating leverage is and share several types of industries that would have high operating leverage as well as some that would have low operating leverage. Research the internet for a company that has high operating leverage and share suggestions for types of activities that this company could do to increase profits and explain why and to what extent these activities would increase profits.