Your reader article (#6.1) describes several problematic aspects of cost-benefit analysis. Explain what this analysis is...
Homework Answers
cost-benefit analysis is the approach by which the best suitable option is found by analyzing the advantages and disadvantages ie the costs and benefits and then finding the best result.
Problems : Accuracy, sometimes their is a problem of the analysis not being accurate due to the value assigned to different projects may vary.
Enumeration, It is not easy to include all costs and benefits without any double counting, and sometimes the costs and benefits may be tough to predict or be intangible.
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