Using the gross approach to choose the best decision option is preferable to the incremental method when the decision option involves many costs and benefits.

Question

Quizplus · Accepted Answer

The gross approach involves evaluating all costs and benefits at once, which is more efficient and effective when there are many factors to consider. The incremental approach involves evaluating each cost and benefit individually and adding them up, which can be time-consuming and may not capture the interdependencies between factors. Therefore, when there are many costs and benefits to consider, the gross approach is preferable.

Using the Gross Approach to Choose the Best Decision Option