Question
Which steps are part of doing a cost-benefit analysis? Select three options.
predicting costs
identifying outcomes
comparing costs
calculating costs
delaying decisions
predicting costs
identifying outcomes
comparing costs
calculating costs
delaying decisions
Answers
GPT-4o mini
The three steps that are part of doing a cost-benefit analysis are:
1. **Predicting costs**
2. **Identifying outcomes**
3. **Comparing costs**
These steps help in evaluating the feasibility and impact of a project or decision by examining the anticipated costs and benefits associated with it. "Calculating costs" could be considered part of predicting costs, and "delaying decisions" is not a part of the cost-benefit analysis process.
1. **Predicting costs**
2. **Identifying outcomes**
3. **Comparing costs**
These steps help in evaluating the feasibility and impact of a project or decision by examining the anticipated costs and benefits associated with it. "Calculating costs" could be considered part of predicting costs, and "delaying decisions" is not a part of the cost-benefit analysis process.