What Is Cost-Benefit Analysis? What Are the Advantages and Disadvantages

question 80

Essay

What is cost-benefit analysis? What are the advantages and disadvantages of a cost-benefit analysis?

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.

Group Polarization

The phenomenon where the attitude of a group towards a particular issue becomes more extreme than the initial inclination of its members following group discussions.

Deindividuation

A concept in social psychology that describes the loss of self-awareness in groups, which can lead to disinhibited and impulsive behavior.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, often performing better on simpler or well-practiced tasks.