Identify a common method of applying this technique or quantifying the solution.
A) Cost-benefit analysis
B) Return on investment
C) Net present value
D) Payback period
E) All of the above

Question

Quizplus · Accepted Answer

All of the above methods are commonly used to apply the technique of quantifying a solution in various industries and fields. Cost-benefit analysis is used to calculate the financial feasibility of a project by comparing the benefits to the costs. Return on investment is used to determine the profitability of an investment by measuring the percentage return on the initial investment. Net present value is used to calculate the current value of a project's future cash flows, adjusted for the time value of money. Payback period is used to determine how long it will take for an investment to pay for itself. All of these methods are useful in assessing the effectiveness and efficiency of a proposed solution.

Identify a Common Method of Applying This Technique or Quantifying