Any business tries to use its resources efficiently. No one has unlimited resources, so it's critical that you make smart choices about using what you do have. Those decisions are influenced by what ...

Businesses need to minimize the risk of failure and maximize the chances of success, which is why managers need facts and numbers to work with when developing business strategies and choosing options.

Opportunity cost is one of those terms that economists love to toss about the place. It sounds complicated, but opportunity cost is a really simple concept. Take that famous conundrum: You come to a ...

How much does it cost to receive health care? Consider the case of a 45-year-old working mother with hypertension. She has an appointment to see her primary care physician at 10 a.m. on a Tuesday—the ...