Cost-Benefit Analysis

question 107

Multiple Choice

Cost-benefit analysis

• A)Is only useful when making economic choices
• B)Applies best to financial decisions
• C)Suggests that an activity should be expanded if it yields greater marginal benefits than costs
• D)Is useful in correcting GDP numbers for inflation
• E)Suggests an activity should be expended if MSC > MSB

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Definitions:

Strategic Alignment

The process of aligning an organization's resources and actions with its strategic objectives to achieve long-term goals.

Target Forecasting

The process of estimating future sales, revenue, or other quantitative metrics based on historical data, market trends, and business analysis.

Replacement Selection

The process of identifying and selecting a candidate to replace an existing employee within an organization.

Mission Statement

A brief description of an organization's fundamental purpose and guiding principles, intended to inform its strategic vision and direction.