There are two kinds of efficiency analyses: cost-benefit and cost-effective analyses.

Name: There are two kinds of efficiency analyses: cost-benefit and cost-effective analyses.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

Cost-benefit analysis evaluates the costs and benefits of a decision or project in monetary terms, while cost-effectiveness analysis compares the relative costs and outcomes (not necessarily in monetary terms) of different courses of action to determine which has the best ratio of benefits to costs.

There Are Two Kinds of Efficiency Analyses: Cost-Benefit and Cost-Effective