Cost-Benefit Analysis Is Not

question 49

Multiple Choice

Cost-benefit analysis is not:

• A) part of good budgeting and accounting practices
• B) an advanced,complex type of cost analysis
• C) used to help determine the true cost of providing services
• D) commonly determined with the help of accounting software

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Definitions:

Reductio ad Absurdum

A logical argument technique that disproves a statement by showing that its logical conclusion is absurd or contradictory.

Appeals to Tradition

Arguments that justify a practice or belief based on its historical continuity or long-standing usage.

Egocentric Bias

Egocentric bias is the tendency for people to rely excessively on their own perspective and/or have a higher regard for their own attributes or abilities when analyzing situations or making decisions.

Illusory Correlation

A cognitive bias where a relationship between two variables is perceived despite no such association existing.