The concept of considering both the costs and benefits of a proposal is known as:
A) cost-benefit analysis.
B) performance measurement.
C) nonvalue-added analysis.
D) preparation of financial statements.

Question

Quizplus · Accepted Answer

Cost-benefit analysis is a systematic approach to estimating the strengths and weaknesses of alternatives, used to determine options that provide the best approach to achieving benefits while preserving savings.

The Concept of Considering Both the Costs and Benefits of a Proposal