Costs and benefits must be put in common terms if they are to be compared.

Question

Quizplus · Accepted Answer

Costs and benefits must be expressed in the same units or terms in order to accurately compare them. For example, if one is comparing the cost and benefit of two cars, the costs must be expressed in a standard unit such as dollars, and the benefits must be expressed in a standard unit such as miles per gallon or resale value. Without this standardization, the comparison will not be accurate or useful.

Costs and Benefits Must Be Put in Common Terms If