The economic value of a social program when compared to the costs of that program is established in a:
A) Cost-benefit analysis
B) Cost-effectiveness analysis
C) Process analysis
D) Summative assessment
E) Needs assessment

Question

Quizplus · Accepted Answer

A cost-benefit analysis compares the economic costs of a program to the economic benefits it provides. By weighing the costs of implementing a program against the benefits it generates, decision-makers can determine whether or not the program is worthwhile based on its economic impact. Cost-effectiveness analysis, process analysis, summative assessment, and needs assessment do not directly compare costs and benefits but focus on other aspects of program evaluation.

The Economic Value of a Social Program When Compared to the Costs