47. Explain what is meant by the cost/benefit trade-off concept in accounting. A high school student is considering spending $500 to spend two days visiting two out-of-town universities he is thinking...

47. Explain what is meant by the cost/benefit trade-off concept in accounting. A high school student is considering spending $500 to spend two days visiting two out-of-town universities he is thinking of attending. Evaluate this decision using the cost/benefit trade-off concept.

48. Identify the stakeholders in each of the following entities and the decisions they make.