Cost effectiveness analysis assumes a single objective and
A) estimates the costs of competing alternative approaches to achieving that objective.
B) compares the benefits of that objective and the costs of obtaining that objective.
C) estimates the damage or effect of obtaining that objective on a valued resource.
D) compares it to the effects of other competing objectives.

Question

Quizplus · Accepted Answer

Cost effectiveness analysis is a method of comparing the costs and benefits of different strategies or interventions for achieving a single objective. It assumes that there is only one objective and focuses on estimating the costs of each alternative approach to achieving that objective. Option B refers to cost-benefit analysis which is a different method altogether. Option C refers to environmental impact assessment which is not relevant to the question. Option D suggests comparing competing objectives which would require a different analysis method.

Cost Effectiveness Analysis Assumes a Single Objective and