Which events should be chosen using the benefit/cost ratio (Choosing the projects with the highest ratio first)?
A)County Fair
B)Dirt Bike Race & Adult Obstacle Course
C)Car Show and Adult Obstacle Course
D)Music Festival & Car Show

Question

Quizplus · Accepted Answer

To determine the benefit/cost ratio, we would need to calculate the total benefits of the event (ticket sales, sponsorships, etc.) and subtract the total costs (venue rental, equipment rentals, etc.). The event with the highest benefit/cost ratio would provide the most value for the money invested. Based on the description, the Car Show and Adult Obstacle Course is likely to have lower costs and higher attendance, resulting in a higher benefit/cost ratio compared to the other events listed. Therefore, this would be the best choice.

Which Events Should Be Chosen Using the Benefit/cost Ratio (Choosing