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What are sunk costs and opportunity costs

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1. What is meant by decentralization? What are the advantages and disadvantages? Do some operations lend themselves more easily to being decentralized than others? If so, why?

2. How is a decentralized organization different from a centralized one? What are some of the advantages and disadvantages of decentralization?

3. What are sunk costs? Opportunity costs? Incremental costs? What is meant by relevant costs? Which of these costs are important to consider when making a decision?

Reference no: EM132069552

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