Answer the question based on the following information. Normal University has found it necessary to institute a crime-control program on its campus to deal with the high costs of theft and vandalism. The university is now considering several alternative levels of crime control. This table shows the expected annual costs and benefits of these alternatives. Refer to the above information. Based on cost-benefit analysis, Normal University should undertake Level:
A) Two
B) Three
C) Four
D) Five

Question

Answer the question based on the following information. Normal University has found it necessary to institute a crime-control program on its campus to deal with the high costs of theft and vandalism. The university is now considering several alternative levels of crime control. This table shows the expected annual costs and benefits of these alternatives.  Refer to the above information. Based on cost-benefit analysis, Normal University should undertake Level:
A) Two 
B) Three 
C) Four 
D) Five

Quizplus · Accepted Answer

Based on the cost-benefit analysis, the university should choose the alternative that provides the highest net benefit or profit. In this case, Level Four provides the highest net benefit, which is $280,000 ($600,000 benefit minus $320,000 cost). Thus, Normal University should undertake Level Four to deal with the high costs of theft and vandalism.

Answer the Question Based on the Following Information