Cost-benefit is an accounting convention or rule of thumb that supports long-run decision making.

Name: Cost-benefit is an accounting convention or rule of thumb that supports long-run decision making.
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Quizplus · Accepted Answer

Cost-benefit analysis is a tool that helps in evaluating both the costs and benefits of a particular decision or project. It is used to make informed decisions about whether to proceed with a particular investment, strategy or project. Therefore, it supports long-run decision making.

Cost-Benefit Is an Accounting Convention or Rule of Thumb That