Which of the Following Is True of Cost-Benefit Analysis

question 83

Multiple Choice

Which of the following is true of cost-benefit analysis?

• A)It supports only short-run decision making.
• B)It considers quantitative costs and benefits,not qualitative.
• C)It conveys that the benefits from a project should exceed its costs.
• D)It supports only long-run decision making.

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Definitions:

Generalized

A concept or condition applied broadly and not limited to a specific instance, area, or group of people.

Sample Size

Refers to the number of participants or observations included in a study, critical for determining the study's power and validity.

Random Sampling

A technique used in research to select a subset of individuals from a larger population by chance, ensuring each member has an equal opportunity of being chosen.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.