Assessing opportunity cost involves making choices and dealing with consequences. choosing consequences over rewards. reviewing past decisions and changing them. minimizing profit and loss.

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Assessing opportunity cost involves making choices and dealing with consequences. choosing consequences over rewards. reviewing past decisions and changing them. minimizing profit and loss.

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ANSWER: Making choices and dealing with consequences

EXPLANATION: Opportunity Cost means benefit or profit something that must be given up in order to get something else. This means that value or profit is the second best alternative available. This involves selecting from alternatives and then dealing with the results after selecting that option.