On a daily basis, business managers are weighing the options and potential outcomes of their actions for the benefit of the company and employees. Opportunity costs represent a potential benefit that is given up when one option is selected over another. Give an example of a time that you had had to apply the principles of opportunity cost and describe what you learned from your experience. If you had the chance to change your decision, to alter the outcome, would you do so? Get Accounting homework help today
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