Answered

Which best describes cost-benefit analysis?

A. Method of calculating money spent on a project
B. Calculation of how much profit will result from a certain level of spending
C. Way to predict how much someone will earn in the future
D. Process of maximizing benefits and minimizing costs



Answer :

GinnyAnswer

Final answer:

Cost-benefit analysis (CBA) evaluates project benefits versus costs to make informed decisions efficiently.


Explanation:

Cost-benefit analysis (CBA) is a method of evaluating the benefits of a project against its costs to determine feasibility. It involves comparing the gains and losses in monetary terms to make informed decisions.

CBA helps in maximizing benefits and minimizing costs by weighing the potential advantages of a project against its drawbacks. It is essential in decision-making processes to ensure resources are allocated efficiently.

Discounting is a crucial concept in CBA, where future benefits or costs are adjusted to their present value to facilitate meaningful comparisons over time and address controversial issues like climate change policies.


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