***400-500 word essay, please use American based resources***
A wise manager is one who keeps a check on costs and makes informed decisions based upon the understanding of these costs.
To prepare for this Discussion, â€œShared Practice: The Impact of Sunk, Opportunity, and Accounting Costs,â€ refer to your Learning Resources for this week, research in the Walden library, and your professional experience. Then, select one of the following types of costs: sunk costs, opportunity costs, or accounting costs, and think about a scenario where this type of cost was important for informing decision making. Think about another scenario where this type of cost was important for furthering stakeholder agendas.
By Day 3
Post the following:
- Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) has impacted an organizational decision.
- Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) may be used to further stakeholder agendas.
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