The first step in understanding the costs and benefits of a decision is:

A. Identifying possible outcomes.
B. Determining all costs and benefits.
C. Identifying possible benefits.
D. Calculating the costs of all options.

Question

14-07-2024
Business

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The first step in understanding the costs and benefits of a decision is:

A. Identifying possible outcomes.
B. Determining all costs and benefits.
C. Identifying possible benefits.
D. Calculating the costs of all options.

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-14T17:41:41-04:00

Final answer:

Cost/Benefit Analysis involves comparing costs and benefits to aid decision-making.

Explanation:

Cost/Benefit Analysis involves comparing the costs and benefits of a decision to help in decision-making. It includes assessing what is sacrificed versus gained and weighing marginal costs against marginal benefits. One of the primary tools used is a T-shaped chart with costs on one side and benefits on the other.

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Final answer:

Explanation:

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