Which of the Following Statements Relating to Relevance and Controllability

question 31

Multiple Choice

Which of the following statements relating to relevance and controllability is not correct?

• A)Using the concept of relevance does not reduce the number of costs and benefits to consider.
• B)If the status quo is a feasible option, then all controllable costs and benefits are relevant.
• C)When using the principle of controllability to identify the incremental costs and benefits relative to the status quo, calculate the value of each option, and choose the one with the lowest value.
• D)Both A and C are incorrect.
• E)A, B, and C are incorrect.

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Definitions:

Adult Education

Educational programs specifically designed for adults beyond traditional schooling age, focusing on skills enhancement, personal enrichment, or vocational training.

Efficient Worker

An employee who achieves maximum productivity with minimum wasted effort or expense.

Human Capital

The economic value of the abilities, skills, and training of an individual or workforce.

Better Educated

Having a higher level of education or more extensive knowledge.