Some Benefits Can Be Computed Relatively Easily by Calculating the Amount

question 57

Multiple Choice

Some benefits can be computed relatively easily by calculating the amount of labor the new system will save, the reduction in paperwork it will allow, and so on. These gains are called ____ because they represent quantifiable dollar amounts.

• A) automatic gains
• B) first-level gains
• C) transparent benefits
• D) tangible benefits

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern at a national level.

Opportunity Cost

The value of the best alternative foregone in making any decision.

Yoga Class

A structured period of physical exercise focusing on strength, flexibility, and breathing to boost physical and mental wellbeing.

Economic Principle

Basic theories or laws that underpin the functioning of economic systems and guide the understanding of economic interactions and outcomes.