Why Is Cost-Benefit Analysis Such a Difficult Job

question 74

Multiple Choice

Why is cost-benefit analysis such a difficult job?
(i) there is no price with which to judge the value of a public good
(ii) surveys are often biased and unreliable
(iii) it is difficult to identify all factors that influence costs and benefits of public goods

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(ii) only
• D)(i), (ii) and (iii)

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Definitions:

Adjusting Entries

Records entered into accounting logs at the close of an accounting period to assign earnings and expenses to the period they truly happened.

Worksheet

A document or spreadsheet used in accounting to compile data and calculations for reporting purposes.

Income Statement

A financial document summarizing a company's revenues, expenses, and profits over a specific period, showing its operational performance.

Post-Closing Trial Balance

A list of all account balances after closing entries are made, used to check the equality of debits and credits and prepare for the next accounting period.