Accounting · Management Accounting

Arrange the following stages in the logical chronological sequence when an organization decides to cut discretionary costs: I. Experiencing no immediate short-term harm to the organization's current operations. II. Inevitably facing negative long-term effects due to the deferral of necessary expenditures. III. Determining which discretionary costs to reduce during managerial decision-making. IV. Eliminating discretionary costs, such as employee training and preventive maintenance. Choose the correct answer from the options given below: