Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
Until that incident, he felt at ease, but David’s suffering began after he had laid Goliath on the ground. To dream of success, one must pay a fair price. The reason for avoiding payment is that people either don’t know how to pay the price or fear that their own payment will be wasted. Calculate profits and losses later. The costs associated with success must be paid upfront. Gifts are typically given and received on birthdays or Christmas. Can’t we not live in this world solely as gifts? - Joseph’s “just my thoughts”