Dylan went out of town for two weeks to attend his friend’s wedding as well as help in the preparations. He could not devote time to his management studies during this period. What cost has he incurred?
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an extravagant cost.
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The correct answer to the questions among all the options given is:
A. Financial Opportunity Cost
Not giving enough time to management studies will make him fail in his management exams which will cause huge monetary losses in terms of the course fee.
He would also be unable to receive any job which he would have received had he studies and passed the exam with flying colors.
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