Cost reduction and avoidance, error reduction, and increased flexibility are examples of:
A) intangible benefits.
B) qualitative benefits.
C) tangible benefits.
D) legal and contractual benefits.
E) profitable benefits.

Question

Quizplus · Accepted Answer

Cost reduction and avoidance are tangible benefits as they can be quantified in financial terms. Error reduction is also a tangible benefit as it can lead to cost savings and improved productivity. Increased flexibility could be considered a qualitative benefit as it is harder to quantify. Legal and contractual benefits and profitable benefits are not applicable to the given examples.

Cost Reduction and Avoidance, Error Reduction, and Increased Flexibility Are