In Judging the Usefulness of a Cost-Benefit Evaluation, One Must

question 21

Multiple Choice

In judging the usefulness of a cost-benefit evaluation, one must be wary of

• A) values assumed in the choice of outcome variables.
• B) the validity of the evaluations from which program benefits have been estimated.
• C) the assumptions used in assigning dollar values to the outcomes.
• D) all of the above

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Definitions:

Collateral

An asset offered by a borrower to secure a loan or other credit, which the lender can seize if the loan is not repaid.

Future Advances

Money or other value provided to a debtor by a creditor subsequent to the time a security interest in the debtor’s collateral is taken by that creditor.

Financing Statement

A legal document filed under the Uniform Commercial Code (UCC) that secures a creditor's interest in the debtor's collateral, making the security interest public record.

Implied Notice

A legal concept that suggests an individual should have known a fact due to circumstances or the fact it was obvious, even if not formally notified.