Cost-benefit can be defined as:
A)Gross profit after sales are made
B)Cameras and security guards to protect construction materials in a restricted access warehouse
C)Verifying inventory levels at the end of each working shift
D)Alarm systems and vaults for fine jewelry inventories

Question

Quizplus · Accepted Answer

Cost-benefit analysis is the process of evaluating the costs and potential benefits of a decision or investment. In this case, installing alarm systems and vaults for fine jewelry inventories is an example of a cost-benefit decision, as the cost of the security measures must be weighed against the potential benefits of protecting valuable inventory. Choices A, B, and C do not directly relate to cost-benefit analysis.

Cost-Benefit Can Be Defined As