"Although It Goes Without Saying That All Relevant Costs and Benefits

question 23

Multiple Choice

"Although it goes without saying that all relevant costs and benefits must be taken into account, the number of potential mistakes in applying the principle [of Account Comprehensively for Benefits and Costs] is surprisingly large. In the transit domain, for example, studies ... fail to assign economic value to ________." (HLB Decision Economics Inc., 2004) .

• A)operating costs
• B)reduction in risk of traffic accidents
• C)revenues collected
• D)capital costs
• E)taxes paid

---

Definitions:

Top Managers

Executives at the highest level of an organization who are responsible for setting policies and making critical decisions.

Planning Function

An aspect of management focused on setting objectives and determining the best actions to achieve those goals efficiently and effectively.

Feedback

Information about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Controlling

Function of evaluating an organization’s performance against its objectives.