Answered

How do I analyze the costs and benefits of a given situation?

A. There's no objective way to analyze the benefits of a decision.
B. Ask your friends for their opinion on what they would do in that situation.
C. List all potential costs and benefits associated with a choice; then, compare them to see which outweighs the other.
D. Focus exclusively on the emotional advantages of a particular decision.



Answer :

GinnyAnswer

Final answer:

Cost-benefit analysis involves weighing the benefits and costs of a decision to determine the most favorable course of action.


Explanation:

Cost-benefit analysis is a method used in decision-making to weigh the pros and cons of a situation before choosing a course of action. By considering the benefits and costs associated with a decision, one can determine if the benefits outweigh the costs or vice versa. This process involves evaluating the positive and negative effects in monetary terms and adjusting them for the time value of money.


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