Using the Benefit-Cost Ratio,the Decision Rule Is to Accept All

question 31

True/False

Using the benefit-cost ratio,the decision rule is to accept all projects with a positive benefit-cost ratio.

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Definitions:

Antecedent

An element in grammar that a pronoun or another word refers back to; in logic, the condition in a conditional statement that if true, leads to the consequent.

Standard Form

A structured format for presenting arguments or equations in a universally understood manner.

Proposition

A declarative sentence that can be either true or false but not both.

Hypothetical Syllogism

A logical argument form where two conditional statements lead to a conclusion, essentially connecting the antecedent of one to the consequent of the other.