Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

The first step in understanding the costs and benefits of a decision is:

A. Identifying possible outcomes.
B. Determining all costs and benefits.
C. Identifying possible benefits.
D. Calculating the costs of all options.

Sagot :

Final answer:

Cost/Benefit Analysis involves comparing costs and benefits to aid decision-making.


Explanation:

Cost/Benefit Analysis involves comparing the costs and benefits of a decision to help in decision-making. It includes assessing what is sacrificed versus gained and weighing marginal costs against marginal benefits. One of the primary tools used is a T-shaped chart with costs on one side and benefits on the other.


Learn more about Cost/Benefit Analysis here:

https://brainly.com/question/40532661