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What is the correct order of steps to show how a cost-benefit analysis is done?
Wiki User
∙ 7y ago
Be presented with a decision.
List the costs of the decision.
Figure out all of the benefits of the decision.
Compare costs and benefits to see which is bigger.
OR
Come up with an option.
Determine the costs of the decision.
Calculate the amount of benefit that would be gotten from choosing the option.
See if the benefits outweigh the costs to make a decision.
Wiki User
∙ 7y ago
Deli
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What are the steps in correct order that are used to show how a cost benefit analysis is done?
Come up with an option.Determine the cost of the decision.Calculate the amout of benefit that would be gotten from choosing the option.See if the benefits outweigh the cost to make a decision.The following list above is in correct order.~Apexvs.com~
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One can make a correct ordering process of cost benefits by first making a monetary basis. It could be cash or one could use the credit card. Next one must weigh cost to benefit when it comes to what one is considering. Lastly, one should calculate the pay back time of the process. This means how much time it will take to get back the money from the initial investment.
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