Comparing the costs of implementing an alternative with its expected benefits is called an)__________.
A)Inventory of alternatives.
B)Cost-benefit analysis.
C)Decision matrix.
D)Payoff table.
E)Chart of probabilities.

Question

Quizplus · Accepted Answer

Cost-benefit analysis involves evaluating the costs and benefits of different alternatives, which helps in making the best decision. It is a useful tool in decision making since it allows weighing the pros and cons of an alternative and choosing the one with the highest net benefit. Therefore, cost-benefit analysis is the best choice for comparing the costs and benefits of implementing an alternative.

Comparing the Costs of Implementing an Alternative with Its Expected