Cost-benefit analysis is
A)a set of practical procedures for guiding pubic expenditure decisions.
B)used by the private sector to determine whether certain projects should be undertaken.
C)difficult when benefits and costs are hard to evaluate.
D)mindful of changes over time.
E)all of the above.

Question

Quizplus · Accepted Answer

Cost-benefit analysis is a set of practical procedures for guiding public expenditure decisions, it is also used by the private sector to determine whether certain projects should be undertaken. However, it can be difficult when benefits and costs are hard to evaluate, and it must be mindful of changes over time. Therefore, all of the above options are correct.

Cost-Benefit Analysis Is