Please refer to the bottom of page 287 in Accounting in a Nutshell. Read Self Test Question 4 (attached). I would like you to use the information from this question to respond to the following:
What decision making model would you use to make this decision (Page 244 in the Organizational Behavior text–attached)?
Would any of the techniques for making better decisions assist us in this decision (Page 255 in the Org. Beh. text–attached)?
What is your final decision and why?
Please be aware that I am not asking you to provide the calculations for this problem. While I would like you to understand how the problem is solved, the solutions are at the end of the section, so you should have the accurate information to make your final decision. The point of this paper is for you to apply the decision making techniques to the area of managerial accounting. In addition, use the above bullets as a guide for your paper…I do not want to see these listed as individual sections within your paper.
This paper should include 4 pages of content with an additional cover and reference page.