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15 June, 05:13

In 1-2 sentences, describe why decisions are based on expected costs and benefits.

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  1. 15 June, 05:15
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    Decisions are based on expected costs and benefits because decisions lead to results and the results must be favorable. The measure of the favorableness of a result is based on the costs and the benefits. In other words, decisions are based on expected costs and benefits because the decision-maker wants to know if taking a certain decision is worth it.
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