Which of the Following Formulas Is Appropriate for Cost Benefit

question 7

Multiple Choice

Which of the following formulas is appropriate for cost benefit analysis?

• A) Cost of activity/Change in non-monetary outcome
• B) (Cost of activity1 - Cost activity2)/(Outcome1- Outcome2)
• C) Total revenue/Total cost
• D) Actual cost/Budgeted cost

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Definitions:

Social Constructionism

A theory that suggests knowledge and many aspects of the world around us are not inherently objective but constructed through social processes.

Consensual Validation

The process of seeking confirmation from others that one's own perceptions and beliefs are correct.

Group Decision Making

The process where a group of individuals come together to make a decision, often involving discussions, debates, and consensus-building among members.

Semiautonomous Teams

Groups of workers who are given the freedom to manage their own processes and tasks within a project, though under some level of supervision.