Which of the Following Is a Distinguishing Feature Between Cost-Benefit

question 43

Multiple Choice

Which of the following is a distinguishing feature between cost-benefit analysis and cost-effectiveness?

• A)Cost-effectiveness requires that an economic value be placed on one's life and bodily integrity.
• B)Cost-benefit analysis adopts the most efficient means available to achieve a particular standard.
• C)Cost-benefit analysis treats health and safety merely as an instrumental value and denies its intrinsic value.
• D)Cost-effectiveness uses economic criteria before setting the standards.

---

Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.

Flynn Effect

The observed rise over time in standardized intelligence test scores, attributed to various factors such as improved nutrition, education, and environment.

Standardization

Defining meaningful scores by comparison with the performance of a pretested group.

G Factor

A theory suggesting a general intelligence factor that underlies all intelligent activity.