ECONOMICS
COST BENEFIT ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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costs
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outcome
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benefits
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intangibles
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Detailed explanation-1: -Good decisions weigh internal and external factors. A decision-maker should consider a company holistically. A sound decision won’t have one part of the business succeed at the expense of another. Both internal and external factors can affect the decision and the company’s road map.
Detailed explanation-2: -Cost-benefit analysis allows an individual or organization to evaluate a decision or potential project free of biases. As such, it offers an agnostic and evidence-based evaluation of your options, which can help your business become more data-driven and logical.
Detailed explanation-3: -Making Good Decisions Is a Very Important Skill. We All Have to Make Decisions Every Day. If You Make a Bad Decision, It’ll Help You Become a Better Problem Solver in the Future. You’ll Have a Sense of Accomplishment. You’ll Gain Confidence. Better Life Balance. Better Relationships. There Are No Feelings of Regret. More items •04-Aug-2022
Detailed explanation-4: -strategic. tactical. operational.