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How do you put the steps of the sample cost benefits analysis in the correct order of the decision making process?
Wiki User
∙ 10y ago
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.
Wiki User
∙ 10y ago
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What is cost- benefit analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
What is a cost and benefit analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
What benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What cost benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What best describes the decision-making process when doing a cost-benefit analysis?
An outcome with benefits that are greater than the costs.
which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?
Cost-benefits analysis
What is the correct sequence for the decision making process?
Issue identification, analysis, development of alternatives, evaluation of alternatives, recommendation, decision, implementation, continuous evaluation
What are the eight stages of the decision making process in the correct sequence?
Issue identification, analysis, development of alternatives, evaluation of alternatives, recommendation, decision, implementation, continuous evaluation
What is cost- benefit analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
What is cost and benefits analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
Correct sequence for decision making process?
what is the correct sequence in the policy making process
What is a cost and benefit analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
What benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What best describes the purpose of cost-benefit analysis?
To make decisions that maximize benefitsA major purpose of using the techniques of cost-benefit analysis, and have been correctly described, a consistent pursuit of these objectives requires.A Process of maximizing benefits and minimizing costs - Apex
What Cost-benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What cost benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What best describes the decision-making process when doing a cost-benefit analysis?
An outcome with benefits that are greater than the costs.
