QQuestionBusiness Management
QuestionBusiness Management
An important part of a cost-benefit analysis is identifying
A. social customs.
B. economic consequences.
C. economic forecasts.
D. social reforms.
5 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1Let me solve this problem step by step:
Step 2: Understand the concept of cost-benefit analysis
Cost-benefit analysis is a systematic approach to estimating the strengths and weaknesses of alternatives by comparing the total expected cost of each option against its total expected benefits.
Final Answer
Economic consequences Explanation: Cost-benefit analysis is fundamentally about understanding and quantifying the economic impacts and consequences of different choices or alternatives. It systematically examines the potential economic outcomes to help decision-makers choose the most financially advantageous option.
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students