The Basic Concept of Doing a Cost/benefit Analysis Is to Compare

question 4

True/False

The basic concept of doing a cost/benefit analysis is to compare the costs and benefits of a particular decision using a common unit of measurement such as money.

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Definitions:

Dependent Variable

A variable in a scientific experiment that changes in response to the manipulation of the independent variable.

Independent Variable

In research, the variable that is manipulated to observe its effect on a dependent variable.

Dependent Variable

The dependent variable is the variable being tested and measured in an experiment or study, whose value is expected to change as a result of manipulations to the independent variable(s).