Benefit cost analysis cannot pinpoint the

Answers

Benefit cost analysis cannot pinpoint the "right" solutions in decision-making. It is not a tool to determine the one true, optimal solution to a problem - rather, it provides a framework to evaluate the costs and benefits associated with several alternatives. Benefit cost analysis also requires subjective decisions, such as assigning a monetary value to an intangible benefit or an acceptable benefit-cost ratio threshold. Therefore, it helps inform decision-making, but it cannot identify the one, singular solution among many alternatives.

Answered by Brittney Jones

We have mentors from

Contact support