In decision analysis, what is the "cost of delay"?
A) The expenses incurred due to slow decision-making
B) The loss of potential benefits from not acting promptly
C) The increased costs of production
D) The time taken to analyze alternatives
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In decision analysis, what is the "cost of delay"?
A) The expenses incurred due to slow decision-making
B) The loss of potential benefits from not acting promptly
C) The increased costs of production
D) The time taken to analyze alternatives