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

question 64

Multiple Choice

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

• A) Resources should be spent if the expected costs exceed the expected benefits of the company.
• B) In a cost-benefit analysis, both costs and benefits are not easy to measure.
• 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 budgeting system.

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Definitions:

Initial Activities

The preliminary actions or efforts undertaken at the start of a project, program, or process.

Personnel Department

An organizational unit tasked with managing employee-related functions, such as hiring, training, and benefits administration; often called Human Resources.

Functions

The roles, activities, or tasks that are natural to or intended for a person, object, or organization.

Following Employment

Refers to the activities or insights tracked or monitored after an individual has been hired in an organization.