Examlex
Which of the following is the first step in making an ethically responsible decision?
Opportunity Cost
When one choice is made, it results in missing out on the potential benefits of other alternatives.
Rubber Bands
Rubber bands are stretchable loops of rubber used to hold objects together; not typically significant in economic or business contexts unless considering their manufacturing or supply industries.
Paper Clips
Small pieces of bent wire or plastic used for holding sheets of paper together.
Trading Partner
Refers to entities (can be countries, corporations, or other organizations) that engage in trade with each other, exchanging goods, services, or financial instruments.
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