Answer:
making choices and dealing with consequences
Explanation:
Opportunity cost represents the value of the next best alternative. It is the benefits forfeited as a result of picking one option over the others. The scarcity of resources forces people to make choices when faced with multiple needs.
Assessing opportunity costs will involve a review and acceptance of the choices one has made in relation to the forfeited benefits. A majority of decisions made cannot be reversed but can serve a learning opportunity. Assessing opportunity cost means embracing the consequences of one's choices and provides a chance for future improvement.
