A cost-benefit analysis compares:
A) The benefits of one program to those of another one
B) The cost of training to its benefits
C) The costs of two different HRD programs
D) Actually - any two numbers you want to use would work

Question

Quizplus · Accepted Answer

A cost-benefit analysis compares the costs of a program or intervention to its benefits, in order to determine whether the benefits outweigh the costs. It is used to make decisions about whether to invest resources in a particular program or intervention, based on its potential for producing desirable outcomes relative to the costs involved. Option A and C are specific situations of cost-benefit analysis, and option D is incorrect because cost-benefit analysis requires specific numbers to compare costs and benefits.

A Cost-Benefit Analysis Compares