Which of the Following Statements About the Cost-Benefit Approach Is

question 64

Multiple Choice

Which of the following statements about the cost-benefit approach is true?

• A) Resources should be spent if the expected costs exceed the expected benefits of the company.
• B) In a cost-benefit analysis, both costs and benefits are not easy to measure.
• C) Resources should be spent if the costs of a decision outweigh the benefits of the decision.
• D) A cost-benefit approach would not be appropriate for a decision to install a budgeting system.

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Definitions:

Meeting Minutes

A written record of the main points and decisions made during a meeting.

Board of Directors

A group of individuals elected by the shareholders of a company to oversee and make decisions on behalf of the organization.

Accounting Information

Refers to data related to the financial transactions and status of an organization, useful for decision-making purposes.

Banking Section

A part of financial management systems or software where users can link, view, and manage their bank and credit card transactions.