Cost-benefit analysis and risk assessment are two types of ______.
A) adjudication techniques used by the courts
B) preemption strategies
C) delay tactics used by agencies under review
D) expert techniques to assess whether regulation should exist

Question

Quizplus · Accepted Answer

Cost-benefit analysis and risk assessment are both expert techniques used to assess whether regulation should exist. Cost-benefit analysis involves weighing the costs and benefits of implementing a regulation, while risk assessment involves evaluating the potential risks of a particular activity or substance. Both of these techniques are used by regulatory agencies to determine whether specific regulations are necessary, and if so, what form those regulations should take.

Cost-Benefit Analysis and Risk Assessment Are Two Types of ______