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What factors must management consider when deciding whether

What factors must management consider when deciding whether to continue using an asset, repair, or replace it?

Identify the relevant costs in a make-or-buy decision and provide an example of each type of cost.

What is participative budgeting? What are its potential benefits? What are its potential disadvantages?

What is budgetary slack? What incentive do managers have to create budgetary slack?

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