As a student, what opportunity costs do you confront by enrolling in University of Phoenix's MBA program? Does your organization or an organization with which you are familiar consider opportunity costs when evaluating strategic opportunities? For your organization, are opportunity costs fixed costs, variable costs, both, or neither?© BrainMass Inc. brainmass.com March 5, 2021, 12:56 am ad1c9bdddf
Opportunity Cost is whatever you have to give up to get something else. For example, to attend the university your opportunity cost might be a job. You might have to give up working in order to attend college. You might have to work and attend school, so your opportunity cost might be time with your friends.
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What are opportunity costs? Determine if the costs are variable, fixed, both, or neither.