Which statements are TRUE of the Cost-Benefit Analysis?

Question

Cost – benefit analysis is a method of assigning a monetary value to the potential benefits of a solution
Cost – benefit analysis weighs costs against benefits of a given solution
Cost – benefit analysis is of no real value and is inaccurate when used for solution analysis
Both A and B

Answer 1

The statements about Cost-Benefit Analysis that are TRUE are:

1. Cost – benefit analysis is a method of assigning a monetary value to the potential benefits of a solution.
2. Cost – benefit analysis weighs costs against benefits of a given solution.

The statement "Cost – benefit analysis is of no real value and is inaccurate when used for solution analysis" is FALSE.

Therefore, the correct answer is Both A and B.