It Is Generally Easy to Quantify Expected Benefits and Costs

question 34

True/False

It is generally easy to quantify expected benefits and costs when applying the cost-benefit approach.

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Definitions:

Risks

The potential for losses or other adverse outcomes in any investment or business operation, often quantified in terms of likelihood and impact.

R&D Work

Research and Development activities aimed at developing new products, processes, or services and improving existing ones.

Basic Research

Research conducted to increase fundamental knowledge and understanding, without specific immediate commercial applications.