Answer :
'When planning a trip and deciding whether to drive or fly, the opportunity. is a sunk cost and should be ignored.
The word comes from the Latin expression "to port" and refers to the favorable wind that blows ships into port. Think of chance as a good wind.
An opportunity is a chance to take advantage of a situation. It can refer to different opportunities such as career, sports, business, etc. That's what makes the difference between a true leader, a winner, and a dropout. Opportunities are opportunities to take advantage of market events to win business.
Opportunities in BOCR analysis usually capture expectations related to co-benefits, future gains, and gains from future positive developments, whereas gains represent current gains or gains from positive developments, one is relatively certain.
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