SCIENCE
ENVIRONMENTAL SCIENCES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Whenever people decide whether the advantages of a particular action are likely to outweigh its drawbacks
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the process of creating a plan to spend your money.
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seeing which months your finances may be tight and which ones you’ll have extra money
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None of the above
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Detailed explanation-1: -Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.
Detailed explanation-2: -A benefit-cost analysis (BCA) is a systematic process for identifying, quantifying, and comparing expected benefits and costs of an investment, action, or policy. Common uses of BCA at DOT include regulatory impact analysis and policy analysis, as well as infrastructure project evaluation.
Detailed explanation-3: -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-4: -It is a technique that is used to appraise and evaluate projects. The basic idea in CBA is quite simple: first, identify the costs and benefits of a project and. then measure them incomparable units (say in terms of money, and expressed in a single currency).