Which of the following statements about the cost-benefit approach is true?
A) Resources should be spent if the expected costs exceed the expected benefits of the company.
B) In a cost-benefit analysis, both costs and benefits are not easy to measure.
C) Resources should be spent if the costs of a decision outweigh the benefits of the decision.
D) A cost-benefit approach would not be appropriate for a decision to install a budgeting system.

Question

Quizplus · Accepted Answer

In a cost-benefit analysis, accurately measuring both costs and benefits can be challenging due to intangible factors, future uncertainties, and the subjective valuation of benefits and costs.

Which of the Following Statements About the Cost-Benefit Approach Is