A mathematical process by which to evaluate whether something has a value equal to or greater than the amount paid is known as:
A) A proactive strategy.
B) Mitigation.
C) A cost-benefit analysis.
D) Risk management.

Question

Quizplus · Accepted Answer

A cost-benefit analysis is a mathematical process used to evaluate whether the value of something is equal to or greater than the cost of acquiring or producing it. It is commonly used in business and public policy to assess the feasibility of a proposed project or investment. A proactive strategy, mitigation, and risk management are important concepts in risk assessment and management, but they do not specifically address the evaluation of value and cost.

A Mathematical Process by Which to Evaluate Whether Something Has