Fill in the blanks of the following statements:

  1. Decision Making means the process of choosing of the _________ among the various alternative actions.
  2. A cost that is essentially important and relevant to a Decision Making process is called _________
  3. When there is no change in the Fixed Cost due to a change in the volume of production or sales, _________ becomes equal to the Marginal Cost.
  4. A key or limiting factor is a factor which limits or restricts the production or the sales level at a point of time due to scarcity of a _________.
  5. Both Differential Costing as well as Marginal Costing are techniques of _________.
  6. For an effective Decision Making, evaluations of relevant _________ and _________ factors are essentially required.