Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Question 7 of 10
Which of the following best describes the purpose of using cost-benefit
analysis?
A. To produce a spreadsheet predicting costs.
B. To know the highest and lowest price to pay for something.
OC. To decide how much money to invest to earn a certain amou
OD. To make decisions that maximize benefits.

Sagot :

GinnyAnswer

Final answer:

Cost-benefit analysis evaluates benefits versus costs to make informed decisions and maximize benefits efficiently.


Explanation:

Cost-benefit analysis is a method used to evaluate the measurable benefits of a decision against its costs. It helps in determining if the benefits outweigh the costs to make informed choices.

By comparing what is sacrificed (costs) and what is gained (benefits), individuals or organizations can maximize benefits and make decisions that are economically sound.

For example, governments use cost-benefit analysis to decide on providing public goods, ensuring that resources are efficiently allocated for the greatest societal benefit.


Learn more about Cost-benefit analysis here:

https://brainly.com/question/40532661


Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.