Which of the following is the biggest problem in cost-benefit analysis?

Question

Quizplus · Accepted Answer

It is generally easier to accurately estimate costs than benefits in cost-benefit analysis, as benefits can be more subjective and difficult to quantify. It is also important to consider factors such as opportunity costs and the long-term impacts of a decision, which can be complex and require extensive analysis. While cost-benefit analysis does require some level of technical expertise and computer support, this is not considered the biggest problem. The time value of money is a key consideration in cost-benefit analysis but can typically be calculated using standard formulas and methodologies.

Which of the Following Is the Biggest Problem in Cost-Benefit