About 12% of the Energy We Ingest Is Used for _______

question 20

Short Answer

About 12% of the energy we ingest is used for _______ processes.

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option during decision-making.

Managerial Decision

Choices or judgments made by managers in the context of strategic planning and resource allocation to achieve business objectives.

Short-term

Referring to a period of time typically less than one year, used in context of planning, finance, or objectives.

Outsourcing

The practice of hiring third parties to perform services or produce goods traditionally done in-house, often to cut costs.