What Is Cost-Benefit Analysis as Applied to the Executive Branch

question 177

Multiple Choice

What is cost-benefit analysis as applied to the executive branch?

• A) a method of evaluating rules and regulations by weighing their potential costs against the potential benefits to society
• B) a method of determining the size of the federal government and whether it is too big or too small
• C) a new department created to manage the budget of all other departments in the bureaucracy
• D) a method of managing the growth of regulations by calculating their cost to society as compared to the cost of other regulations
• E) an evaluation method done by each member of the cabinet to determine the net worth of their department

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Definitions:

Predetermined Time Standards

Established benchmarks for the time required to complete specific tasks, used for planning and evaluating productivity.

Performance Ratings

Evaluations of an individual's or entity's achievements or output against predefined standards or objectives.

Standard Setting

The process of establishing benchmarks, norms, or levels of quality that products, services, or competencies should meet or exceed.

Work Sampling

A statistical technique used to estimate the proportion of time spent by workers on various activities, through random observations over a period.