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A decision-making tool that weighs additional costs and benefits of going for one more unit of something?
Wiki User
∙ 14y ago
Marginal analysis...
Wiki User
∙ 14y ago
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How much does a bushel of rye weigh?
it weighs 56lbs for one bushel
What is the weight of a business envelope?
An empty business envelope weighs 1 gram.
What is true when using a cost-benifit analysis?
Cost-benefit analysis is carried out using only financial costs and financial benefits. For example, a simple cost benefit ratio for a road scheme would measure the cost of building the road, and subtract this from the economic benefit of improving transport links. It would not measure either the cost of environmental damage or the benefit of quicker and easier travel to work. Cost-benefit analysis (CBA) is the weighing-scale approach for decision-making. All the positive elements (cash-flows and other intangible benefits) are put on one side of the balance and all the negative elements (the costs and disadvantages) are put on the other. Whichever weighs the heavier wins. A company that would like to buy Business Intelligence software to improve its business might use a CBA to make up its mind. On the minus (cost) side would be: - the price of the software, - the cost of consultants to install and implement the software, and - the cost of training for the users of the software. However on the plus (benefits) side would be: - improved business processes (leading to an annual cost decrease), - due to better available information, the company will be able to take better decisions (leading to additional cash-flows), and - increased staff moral, due to using these modern tools to support the business. * A frequently made mistake in the CBA method is to use non-discounted amounts for calculating the costs and benefits. A method like NPV or Economic Value Added or CFROI is strongly recommended, because all of these account for the time value of money. * A frequent problem with CBA is that typically the costs are tangible, hard and financial, while the benefits are hard and tangible, but also soft and intangible. Caution should be taken here against people who claim that "if you can't measure it does not exist / it has no value". * Especially in more strategic investments, frequently the intangible benefits clearly outweigh the financial benefits. * Risk must often be considered as a factor in making the decision. The idea of this methodology originated with Jules Dupuit, a French engineer whose 1848 article is still worth reading. The British economist, Alfred Marshall, conceived some of the formal concepts that are at the foundation of CBA. But the practical development of CBA came as a result of the impetus provided by the Federal Navigation Act of 1936. This act required that the U.S. Corps of Engineers carry out projects for the improvement of the waterway system when the total benefits of a project exceed the costs of that project. Thus, the Corps of Engineers had create systematic methods for measuring such benefits and costs. The engineers of the Corps did this without much assistance from the economics profession. It wasn't until about twenty years later in the 1950s that economists tried to provide a rigorous, consistent set of methods for measuring benefits and costs and deciding whether a project is worthwhile.
What is a bulk-gaining industry?
an industry in which the final product weighs more or comprisesa greater volume than inputs.
How many pounds does a bushel of corn weigh?
If the corn meets minimum standards, one bushel weighs 56 pounds.
A decision-making tool that weighs additional costs and benefits of going for one more unit of something.?
Marginal analysis...
Ight and then click submit Match the following terms with their definitions A Opportunity cost A decision-making tool that weighs additional costs and benefits of going for one more unit of?
Pony
What is weight density?
How much something weighs per pound.How much something weighs per pound.
What is a thing that weighs something?
a scale.
If something is bigger than something does it mean it weighs more?
Not necessarily. For example a balloon is bigger than a baseball, but which weighs more?
How many pounds does Santa weigh?
Santa weighs 242 pounds, WITHOUT his suit on. His suit actually weighs an additional 16 pounds. wiki.answers.com on!
What is the weighs in kilograms of something that weighs 147?
147 pounds is around 66.7 kilograms.
What is something that weighs 10,000 tons?
The southern elephant seal weighs about 10,000 tons
What is something that weighs 100 grams?
100ml of water (or 100cc of water) weighs about 100g
Is density how much something weighs?
Density is not how much something weighs. Density and weight go together but are not the same thing as each other.
something which weighs about 1.5 kilograms?
a pineapple
What are some examples of something that weighs 400 grams?
== == * a snow petrel weighs 454 grams * a can of baked beans weighs 420 grams
