Most management systems measure both opportunity costs and out of pocket costs.

Name: Most management systems measure both opportunity costs and out of pocket costs.
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Most management systems primarily focus on measuring out-of-pocket costs, which are direct, tangible expenses. Opportunity costs, which represent the benefits an organization misses out on when choosing one alternative over another, are more challenging to quantify and are often not directly measured by standard management systems.

Most Management Systems Measure Both Opportunity Costs and Out of Pocket