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The five steps in the discipline model are (1)refer to past feedback,(2)ask why the undesired behavior was used,(3)give the discipline,(4)get a commitment to change and develop a plan,and (5)summarize and state the follow-up.
Net Present Values
refers to the calculation that determines the present value of a series of future cash flows by discounting them at a certain rate, often used for assessing the profitability of investments.
Incremental Cost Approach
An analysis method that evaluates the additional costs of making decisions, comparing the costs that change with the decision versus those that do not change.
Purchase Cost
The amount paid to buy goods, materials, or assets.
Major Repairs
These are significant expenditures to restore or improve an asset, extending its useful life.
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