1. Why do you think that some firms now require workers to stand during meetings? 2. How...
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2. How can companies readily assign a dollar value to the opportunity cost of time that employees spend e-mailing or meeting instead of getting work done?
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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