ECONOMICS (CBSE/UGC NET)

ECONOMICS

COST BENEFIT ANALYSIS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are the three types of costs in a cost benefit analysis? Choose all that apply
A
one-time costs
B
recurring costs
C
two-time costs
D
potential costs
Explanation: 

Detailed explanation-1: -There are four main types of cost analysis: cost-feasibility, cost-effectiveness, cost-benefit (also referred to as benefit-cost), and cost-utility.

Detailed explanation-2: -Cost-Benefit Analysis in Project Management From that, you can calculate the cost-benefit ratio (CBR), return on investment (ROI), internal rate of return (IRR), net present value (NPV) and the payback period (PBP).

Detailed explanation-3: -What is cost-benefit analysis? Cost-benefit analysis is a way to compare the costs and benefits of an intervention, where both are expressed in monetary units. idea icon. Both CBA and cost-effectiveness analysis (CEA) include health outcomes.

Detailed explanation-4: -Establish a Framework for Your Analysis. Identify Your Costs and Benefits. Assign a Dollar Amount or Value to Each Cost and Benefit. Tally the Total Value of Benefits and Costs and Compare. 05-Sept-2019

There is 1 question to complete.