Asked by
sanjay kafle
on Oct 22, 2024Verified
A cost/benefit analysis compares the costs of implementing an alternative with its expected benefits.
Cost/Benefit Analysis
A systematic approach to estimating the strengths and weaknesses of alternatives, used to determine options that provide the best approach to achieve benefits while preserving savings.
Expected Benefits
The anticipated advantages or positive outcomes that are predicted to result from a particular action or policy.
- Understand the importance of cost/benefit analysis in decision-making.
Verified Answer
DK
Learning Objectives
- Understand the importance of cost/benefit analysis in decision-making.
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