Assessing opportunity cost involves <u>making choices and dealing with consequences.</u>
Explanation:
Opportunity cost means that, the cost to gain something with some consequences. If there are multiple opportunities in front of you and you have to analyze or assess each opportunity. In this assessment you have to assess the consequences of all choices or opportunities. After assessing all the opportunities you will select the opportunity in which you have more gain and less consequences.
So we can say that, while assessing different opportunities, we have to make choices and dealing with consequences.
