Cost-Benefit Analysis Quiz

A process to measure the benefits of a decision without considering the costs

A process to measure the costs of a decision plus the benefits associated with taking that action

A process to measure the costs of a decision without considering the benefits

A process to measure the benefits of a decision minus the costs associated with taking that action (correct)

To only consider the benefits of a decision

To evaluate the impact of a decision on the environment

To evaluate whether the benefits outweigh the costs or vice versa (correct)

To only consider the costs of a decision

Pros: It is applicable to all types of decisions. Cons: It does not consider social factors.

Pros: It considers both tangible and intangible factors. Cons: It is time-consuming.

Pros: It is easy to understand. Cons: It does not consider long-term impacts.

Pros: It provides a systematic approach to decision-making. Cons: It does not consider intangible factors. (correct)