You have spent three hours watching TV instead of organizing that closet filled with clothes you will never wear again. You will never have those three hours back. Which of the following terms best describes the result of this decision making?
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Explanation:
The statement given in question refers to opportunity cost. Whenever there is an opportunity, either you avail that or lose that but in both cases there is some cost gained or lost. In the given scenario, when the person has lost the opportunity of setting up his closet then it means then it can be translated to some opportunity cost
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Answer:
opportunity cast
office logistics
time management
procrastination
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