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

question 116

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.

---

Definitions:

Self-direction

The ability or tendency of an individual to guide, control, and regulate their own behavior and decisions towards achieving personal goals or satisfaction.

Formative Period

A critical phase of development or growth where foundational attributes, principles, or systems are established and shaped.

Character

The set of moral and ethical traits and behaviors that are considered desirable in a person, often forming the basis of individual integrity.

Infancy

The early stage in human development, extending from birth to around 2 years old, characterized by rapid physical and cognitive growth.