Cost-benefit analysis can help to shed light in the decision-making process
A) even if we can at times describe costs and benefits in vague qualitative form only.
B) even if we have absolutely no information at all.
C) only if we know the precise dollar value of all costs and benefits.
D) only if we know the maximum dollar value of all costs and benefits.
E) only if we have information on all the relevant market data.

Question

Quizplus · Accepted Answer

Even if costs and benefits are described in vague qualitative form, cost-benefit analysis can still help in decision-making by providing a framework for comparing the relative merits of different options. While having precise dollar values for costs and benefits can be helpful, it is not always necessary for cost-benefit analysis to be useful.

Cost-Benefit Analysis Can Help to Shed Light in the Decision-Making