Triad Children's Center,a non-profit organization,uses relevant cost analysis to determine whether or not new services are desirable.TCC is looking at adding a new educational program for grade school children who are having difficulty with their reading and math skills.The following relevant costs will be incurred if the program is accepted:
TCC estimates that a maximum of 40 children will participate in this program in the first year.If TCC decides to implement this program,funding will be received from the City Chamber of Commerce ($50,000)and a local Private University Endowment Fund ($35,000).In deciding between alternative choices for a given situation,managers usually employ a five-step process.Which of the following is not a step in the decision making process?

Question

Triad Children's Center,a non-profit organization,uses relevant cost analysis to determine whether or not new services are desirable.TCC is looking at adding a new educational program for grade school children who are having difficulty with their reading and math skills.The following relevant costs will be incurred if the program is accepted: 
TCC estimates that a maximum of 40 children will participate in this program in the first year.If TCC decides to implement this program,funding will be received from the City Chamber of Commerce ($50,000)and a local Private University Endowment Fund ($35,000).In deciding between alternative choices for a given situation,managers usually employ a five-step process.Which of the following is not a step in the decision making process?

Quizplus · Accepted Answer

Reviewing the audit report is not a step in the decision making process described in the question. The five-step process outlined in the question includes specifying criteria and identifying alternative actions, performing relevant and strategic cost analysis, selecting and implementing the best course of action, and evaluating performance.

Triad Children's Center,a Non-Profit Organization,uses Relevant Cost Analysis to Determine