Which of the following is true of cost-benefit analysis?
A)It supports only short-run decision making.
B)It considers quantitative costs and benefits,not qualitative.
C)It conveys that the benefits from a project should exceed its costs.
D)It supports only long-run decision making.

Question

Quizplus · Accepted Answer

Cost-benefit analysis is a decision-making tool that compares the costs of undertaking a project or action with the benefits that are expected to result from it. The basic principle of cost-benefit analysis is that the benefits of a project should exceed its costs. This can be applied to both short-term and long-term decision making. Quantitative and qualitative factors should both be considered.

Which of the Following Is True of Cost-Benefit Analysis