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Advantages and disadvantages of benefit cost ratio

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9y ago
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11y ago

It helps people determine which projects are worth doing in order to avoid disaster-related damages later.

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Q: What is the advantage of benefit cost analysis?
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Related questions

What characterizes cost-benefit analysis?

Cost-benefit analysis is rational.


When will a cost benefit analysis be done?

when will a cost benefit analysis be done


When will a cost analysis be done?

when will a cost benefit analysis be done


The strength and weakness of social cost benefit analysis technique?

the strangth and weaknesses ofsocial cost benefit analysis


What do you understand by cost-benefit analysis and what are its uses and limitations?

What do you understand by cost analysis


What is the definition of a business cost analysis?

A cost benefit analysis is done to determine how well, or how poorly, a planned action will turn out. Although a cost benefit analysis can be used for almost anything, it is most commonly done on financial questions. Want to know whether that new machine is worth the cost? Do a cost benefit analysis. Not sure whether that proposed marketing campaign is a good idea? Do a cost benefit analysis. Worried about which health care plan to select for your employees? Do a cost benefit analysis. It's a great tool.


Consumers use cost-benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


Which of the following is essential part of making rational choice?

Doing cost-benefit analysis


Consumers used cost- benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


What consumers use cost-benefit analysis in order to maximize?

Consumers use cost-benefit analysis in order to maximize utility.


What is advantage of benefit cost analysis?

It helps people determine which projects are worth doing in order to avoid disaster-related damages later. A+


Types of Cost-benefit analysis methods?

One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.