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What process is used to determine if the benefits caused by mitigation exceed the costs of the solution?

benefit/cost analysis


How can one determine the marginal opportunity cost in a given scenario?

To determine the marginal opportunity cost in a given scenario, you need to calculate the change in benefits or profits from choosing one option over another. This involves comparing the benefits of the next best alternative that you are giving up by choosing a particular course of action.


What best characterizes the factors involved in the cost benefits analysis?

Comparative analysis helps make a comparative assessment of all the benefits you anticipate from your project and all the costs to introduce the project, perform it, and support the changes resulting from it. It also helps decide whether to undertake a project or decide which of several projects to undertake. It also helps to determine options that provide the best approach to achieve benefits while preserving savings. It is a tool to determine an investment decision.


Which describes the purpose of doing a cost benefit analysis?

The purposes of doing a cost-benefit analysis are to determine if it is a sound investment or decision and to provide a basis for comparing projects.


Why is it important to compare marginal costs to marginal benefits in decision-making processes?

It is important to compare marginal costs to marginal benefits in decision-making processes because it helps individuals and businesses make informed choices about how to allocate resources. By weighing the additional costs of an action against the additional benefits it will bring, decision-makers can determine whether the benefits outweigh the costs and make decisions that maximize overall value.

Related Questions

How do you determine what your veterans disability benefit will be?

The patient vet doesn't make that determination. The VA does that after examining him. They set the value mark, and it will be done in percentages (%). 10% disabled, etc. Actually, benefits are derived based on the character of the veterans discharge. Once a year the Department of Veterans Affairs (DVA) publishes a booklet that describes (generally) all the veterans benefits. If a veteran has an honorable discharge, he/she is eligible for all (should he/she meet the requirments). If he/she has a general discharge, the veteran is not eligible for education benefits (GI Bill). If the Veteran has an "other than honorable" discharge, it is up to the DVA to determine if he/she will be paid for compensation for service connected disabilities and will determine if the other benefits will be paid out as well. If the veteran has a Bad Conduct Discharge (BCD), he/she can be buried in a Veteran Cemetary but isn't eligible for much else. A dishonorable discharge excludes the veteran from all benefits. It is a misconception that if you get less than an honorable discharge that your whole time in the service is characterized by the listed character of discharge. An example would be: Let's say an individual was selling drugs and was given a BCD discharge. It was determined by the evidence he was selling in the last six months of his/her service. If he/she had served three years prior to that, that service is considered honorable. The Veteran needs to apply for benefits for that three year period which is deemed HONORABLE, thus all benefits would apply.


Could you get va medical for service connected injury with general under honorable condition discharge?

usually you are entitled to benefits as long as you do not have a dishonorable discharge that voids your benefits


What benefits are there for General Discharge under Honorable Conditions?

The same Benefits as you would get, if it was a regular Honorable Discharge....except for the GI Bill. Only members with Honorable discharges are eligible for this benefit.


Do you still have military benefits with honorable discharge?

An honorable discharge is the highest form of departure from military service. You get everything. (Did you mean dishonorable?)


Do dishorably discharged airman receive medical benefits?

you lose access to any potential benefits with a dishonorable discharge, HOWEVER, you CAN apply to have your discharge upgraded to other than honorable, general, honorable etc.


Do you qualify for benefits if you get discharged from the Army?

No you have to have an honorable discharge, anything less will disqualify you for unemployment in cali


What is practical benefits?

Practical often means tangible and useful, and a benefit is something gained. So if something is a practical benefit, it is something that can help you in a meaningful way.


When one receives a Bad Conduct Discharge what VA benefits are retained?

A Bad Conduct Discharge, as opposed to a Dishonorable Discharge, is considered a separation under conditions Other Than Honorable. With an OTH discharge, the Department of Veterans Affairs makes the determination as to whether the OTH was based on conditions which would result in the forfeit of any or all VA benefits. The more serious offenses, such as desertion, mutiny, spying, etc., will result in loss of all benefits.


I f you are a vetranihave 2 honorable and 1 dishonorable discharge are you entitled to anythingbenefits etc?

Veterans with an honorable discharge are generally eligible for a range of benefits, including healthcare, education, and housing assistance. However, a dishonorable discharge can disqualify you from many of these benefits. If you have two honorable discharges and one dishonorable discharge, your eligibility may depend on the specific circumstances of your service and the benefits in question. It's advisable to consult with a veterans' affairs representative to understand your rights and options.


What is the difference between dishonorable discharge and bad conduct discharge?

In dishonorable discharge, you lose your veteran benefits, cannot reenlist, and are often treated as a felon. In bad conduct discharges, you lose your veteran benefits, cannot reenlist, and are often treated as a felon, but you retain your honor.


What practical benefits did the Socialist government bring to Milwaukee and Wisconsin?

Improved sanitation


What practical benefits did the Socialist government bring to Milwaukee Wisconsin?

Improved sanitation.