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What describes the purpose of using cost-benefit analysis?
to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits
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
People come to different decisions using cost benefit analysis even under the same conditions because cost and benefit are both what?
Subjective
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.
What describes the purpose of using cost-benefit analysis?
to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits
What is a purpose of 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.
What is 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.
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
What pair of words best describes the purpose of using cost benefit analysis?
To make decisions that maximize benefits. Rational and Subjective. Objective and systematic pleasure (benefit) and pain (cost) calculating and coherent Rational and structured =making a list of costs and benefits
People come to different decisions using cost benefit analysis even under the same conditions because cost and benefit are both what?
Subjective
When will a cost analysis be done?
when will a cost benefit analysis be done
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.
The strength and weakness of social cost benefit analysis technique?
the strangth and weaknesses ofsocial cost benefit analysis
What best describes the purpose of using the cost benefit analysis?
The purpose of using cost-benefit analysis (CBA) is to evaluate the economic feasibility and efficiency of a project or decision by comparing the expected costs and benefits. It helps decision-makers quantify the potential impacts, allowing them to assess whether the benefits outweigh the costs. This analysis supports informed choices by providing a structured framework for evaluating trade-offs and prioritizing resource allocation. Ultimately, CBA aims to enhance decision-making and maximize overall value.
What do you understand by cost-benefit analysis and what are its uses and limitations?
What do you understand by cost analysis
