Which of the Following Most Accurately Describes the Term Cost/benefit

question 120

Multiple Choice

Which of the following most accurately describes the term cost/benefit analysis?

• A) Considering whether employees should be entitled to certain fringe benefits
• B) Calculating the cost of holding fundraising benefits for charity
• C) Considering whether the cost of products exceeds the market selling price
• D) Considering whether the cost of calculating certain types of information provides a commensurate economic benefit

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Definitions:

Lifetime Employment

A job guarantee in which an employee can expect to remain employed in their position for their entire working life.

Oral Contract

An agreement between parties that is spoken and not written, yet is legally binding unless specifically required by law to be written.

Enforceable

Capable of being executed or imposed in accordance with legal or contractual requirements.

Debt

Money owed by one party, the debtor, to another party, the creditor; an obligation to pay or do something.