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"Scarcity and Choice limits our options and necessitates that we make choices. Because we "can't have it all," we must decide what we will have, and what we must forgo," (McConnell and Brue, 2004, Chapter 1, pg. 1).
Opportunity Cost is the cost of passing up the next best choice when making a decision
I work for Hamilton County Schools and there are many accounts that have to be watched over carefully. One account that is used the most is title one and it holds the most amount of money. Well when using this account the principle has to make sure that the money that is coming out of it is for a good cause...
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