If you were asked to measure the impact of a social venture by comparing the relative costs and outcomes of two or more courses of action without assigning any monetary value to the measure of effect, you would probably use __________.

Question

Quizplus · Accepted Answer

Cost-effectiveness analysis is a method of comparing the costs of alternative courses of action with their outcomes measured in non-monetary units. This method does not assign a monetary value to the measure of effect and is therefore the most appropriate choice for measuring the impact of a social venture in this scenario. Cost-benefit analysis, on the other hand, requires the conversion of all outcomes into monetary values, while social and blended value accounting focus on measuring and reporting both financial and non-financial impacts.

If You Were Asked to Measure the Impact of a Social