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”
To draw a picture well, you must practice frequently. To write well, you need to write a lot. Quantity surpasses quality. In some cases, improved skills or methods are necessary for growth and development. However, anyone aiming to achieve remarkable progress can only do so through extensive training and repetition . Notably, learning a foreign language is more about training than studying. Without diligent practice in speaking aloud , you will struggle to progress beyond a certain level. - Joseph’s “just my thoughts”