A Business Case for a Project Claims That the New

question 119

Multiple Choice

A business case for a project claims that the new system will provide managers with more time to think creatively about strategic issues. What would this be classified as in a cost-benefit analysis?

• A) An intangible cost.
• B) A tangible benefit.
• C) An intangible benefit.
• D) A tangible cost.

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Definitions:

Lower Cost

Refers to a situation or strategy in which expenses are minimized or reduced.

Range of Exchange Rates

The variability or difference in the rate at which one currency can be exchanged for another.

Gains from Trade

The increase in welfare or benefit that countries or individuals obtain by engaging in voluntary trade with each other, enabling more efficient allocation of resources.

Specialization

The process whereby individuals, businesses, or countries focus on producing a limited range of goods or services to gain greater efficiency and productivity.