The Accounting Method That Calculates Costs Solely by Adding Up

question 34

Multiple Choice

The accounting method that calculates costs solely by adding up what the government pays for inputs to a project and calculates benefits solely by adding up government revenues generated by the project is called the _____ accounting approach.

• A) contingent valuation
• B) cash flow
• C) opportunity cost
• D) social discounting

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Definitions:

Open-mindedness

A willingness to consider new ideas, perspectives, or evidence without prejudice.

Correcting One's Reasoning

The process of identifying and rectifying flaws or errors in one's thought process to ensure logical consistency.

Self-regulation

The ability of an individual or organization to regulate its own actions and behavior without external intervention, often based on internal standards or rules.

Analysis

The examination and breakdown of information into simpler components for better understanding or interpretation.