When determining the cost-effectiveness of a project, which of the following is an important concept to understand?
A) the feelings of the end-users about their role in the system
B) do we currently possess the necessary technology?
C) the time value of money
D) does the system offer adequate controls against embezzlement and fraud?
E) all of these

Question

Quizplus · Accepted Answer

The time value of money is crucial in cost-effectiveness analysis as it accounts for the present value of future cash flows, helping to assess the project's financial viability over time.

When Determining the Cost-Effectiveness of a Project, Which of the Following