Question
Provide a hypothetical or real example of costs that might not be immediately obvious to a decision maker.How does ignoring these costs affect the decisions?What
Provide a hypothetical or real example of costs that might not be immediately obvious to a decision maker.How does ignoring these costs affect the decisions?What would be a more proper way to account for them?If these costs are not currently tracked, what would be a way to measure them in order to bring them into the decision-making process?If possible, please provide an example.
For example: if a business ignores employee burnout, they might undertake more than optimal amount of business.These costs should be measured in terms of recruiting and on-boarding costs, and see if these costs change as volume of business changes.
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