Comparing the costs of implementing an alternative with its expected benefits is called a(n) ___.
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 compares the costs of implementing an alternative with its expected benefits. This helps decision-makers determine whether the benefits outweigh the costs and if the alternative is worth pursuing. The other options (inventory of alternatives, decision matrix, payoff table, and chart of probabilities) may be helpful tools in decision-making, but they do not specifically address the costs and benefits of alternatives.

Comparing the Costs of Implementing an Alternative with Its Expected