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Explain How to Do a Simple Cost Benefit Analysis and Explain

question 30

Essay

Explain how to do a simple cost benefit analysis and explain how it helps the entrepreneur make important decisions. 


Definitions:

Observable Behaviors

Actions or reactions of an individual in various situations, which are visible and measurable by others or through instruments.

Intervening Variables

Factors within a study that mediate the relationship between the independent and dependent variables, potentially affecting the outcome.

Negative Reinforcement

a behavior modification technique where the removal of an undesirable or unpleasant outcome after the display of a desired behavior increases the likelihood of the behavior being repeated.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period without exposure to the conditioned stimulus.

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