______ is a close relative of cost-benefit analysis.
A) Risk assessment
B) Opportunity costs
C) Risk evaluation
D) Risk management

Question

Quizplus · Accepted Answer

Risk assessment is a close relative of cost-benefit analysis as both involve identifying and assessing potential risks or benefits associated with a particular decision or action. Risk assessment evaluates the likelihood and impact of risks, while cost-benefit analysis evaluates the costs and benefits of various options. Both approaches are used to inform decision-making and help determine the best course of action.

______ Is a Close Relative of Cost-Benefit Analysis