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You would use a cost-benefit analysis to see what the best approach would be to a problem. It helps you know what alternative is best in terms of effort, time, and cost.

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Q: What is the purpose of using a cost benefit analysis?
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What describes the purpose of using cost-benefit analysis?

to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits


What is a purpose of cost benefit analysis?

The purposes of doing a cost-benefit analysis are to determine if it is a sound investment or decision and to provide a basis for comparing projects.


What is the purpose of doing a cost- benefit analysis?

The purposes of doing a cost-benefit analysis are to determine if it is a sound investment or decision and to provide a basis for comparing projects.


What characterizes cost-benefit analysis?

Cost-benefit analysis is rational.


When will a cost benefit analysis be done?

when will a cost benefit analysis be done


When will a cost analysis be done?

when will a cost benefit analysis be done


People come to different decisions using cost benefit analysis even under the same conditions because cost and benefit are both what?

Subjective


What pair of words best describes the purpose of using cost benefit analysis?

To make decisions that maximize benefits. Rational and Subjective. Objective and systematic pleasure (benefit) and pain (cost) calculating and coherent Rational and structured =making a list of costs and benefits


Which describes the purpose of doing a cost benefit analysis?

The purposes of doing a cost-benefit analysis are to determine if it is a sound investment or decision and to provide a basis for comparing projects.


The strength and weakness of social cost benefit analysis technique?

the strangth and weaknesses ofsocial cost benefit analysis


What do you understand by cost-benefit analysis and what are its uses and limitations?

What do you understand by cost analysis


What kinds of decisions result from using cost benefit analysis?

an outcome with benefits that are greater than the costs