Which of the Following Statements Is True About Cost-Benefit Analysis

question 41

Multiple Choice

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

• A)It treats health and safety merely as an intrinsic value and denies its instrumental value.
• B)It requires that an economic value be placed on one's life and bodily integrity.
• C)It adopts the least expensive and most efficient means available to achieve existing standards.
• D)It uses ethical criteria in setting standards.

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Definitions:

Quarterly Revenues

The total income generated by a company during a three-month period from its business activities.

Circle Graph

A circular chart divided into sectors, each representing a proportion of the total; also known as a pie chart.

Sales Revenues

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Prescription Medicine

Medications that can only be obtained with a written order from a licensed healthcare provider.