Which of the Following Statements About the Cost-Benefit Approach Is

question 117

Multiple Choice

Which of the following statements about the cost-benefit approach is TRUE?

• A)Resources should be spent if they are expected to better attain company goals in relation to the expected costs of these resources.
• B)In a cost-benefit analysis, both costs and benefits are easy to obtain.
• C)Resources should be spent if the costs of a decision outweigh the benefits of the decision.
• D)A cost-benefit approach would not be appropriate for a decision to install a budget system or not.
• E)The cost-benefit approach is more important than behavioural considerations.

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Definitions:

Absolute Value

The distance of a number from zero on the number line, without considering which direction from zero the number lies.

Sketch Graph

A rough drawing of a graph to represent a mathematical function or equation visually.

Formula

An expression or equation that describes a mathematical relationship between quantities.

Slope Value

It's the calculation of how slanted a line is, determined by dividing the vertical movement by the horizontal movement between any two points on the line.