Exact quantification of costs and benefits is not always possible when making a decision.

Question

Quizplus · Accepted Answer

This is because some costs and benefits may be difficult to measure or assign a dollar value to, or there may be uncertainties or trade-offs involved that make it impossible to determine exact figures. In such cases, decision makers may need to rely on estimates and judgment calls in weighing the pros and cons of different options.

Exact Quantification of Costs and Benefits Is Not Always Possible