A cost benefit analysis consists of(i) finding the direct and indirect cost of developing, implementing and running the system(ii) finding out the tangible and intangible benefit of the system(iii) finding the investment to be made in the system(iv) finding the profit which will accrue from the system*1 pointa. iii and ivb. i and ivc. ii and iiid. i and ii

In cost-benefit analysis, what is meant by "costs"? Choose 1 answer Only the direct financial expenditures Both direct and indirect expenses, including non-monetary factors Only the indirect non-monetary factors The total revenue generated

How does a cost-benefit analysis help a person make economic decisions?A.It creates additional incentives to promote a particular decision.B.It eliminates the opportunity costs associated with a decision.C.It allows a decision to be made without considering any trade-offs.D.It shows whether a decision will produce more gains than losses.

A cost-benefit analysis is performed to assess a. b. c. d. ans. operational feasibility all of the above economic feasibility technical feasibility

Question 2Why is it important to perform a cost-benefit analysis during the initiation phase? Select all that apply.1 pointTo outline project goals and how to accomplish themTo add up the expected value, or benefits, of a project To set up a framework for what project work the team needs to doTo compare the project benefits to the costs

Discuss the effectiveness and limitations of cost-benefit analysis as a decision-making tool in assessing the viability of projects or policies, considering 5 factors such as ethical considerations, uncertainty, long-term impacts, and the potential for biased assumptions.