Social Cost Benefit Analysis Includes All of the Following EXCEPT

question 12

Multiple Choice

Social cost benefit analysis includes all of the following EXCEPT

• A) Incorporates equity, responsiveness, and appropriateness into the analytic framework.
• B) Equity seeks fairness in distribution.
• C) Responsiveness analyzes the extent a policy delivers intended outcomes to intended beneficiaries.
• D) Appropriateness analyzes how well a policy delivers efficiency, effectiveness, adequacy, equity, and responsiveness.
• E) Results in a forecast of future outcomes.

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Definitions:

Product Replication

The act of duplicating or making a copy of an existing product, typically to broaden market reach or capitalize on the success of the original item.

Manufacturing Flexibility

The ability of a manufacturing system to quickly adapt to changes in product type or volume without incurring high costs or delays.

Competitive Advantage

The unique feature or set of features of a company and its products that are perceived as superior in the market, contributing to greater sales or margins than competitors.

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner, using conveyors or other efficient means, to create a finished product efficiently.