Which best describes the purpose of using cost-benefit analysis?

produce a spreadsheet predicting costs

make decisions that maximize benefits

decide how much money to invest to earn a certain amount

know the highest and lowest price to pay for something

Answer: A process of maximizing benefits and minimizing costs

Explanation:

Answer

Make decisions that maximize benefits

Explanation:

The whole purpose of a cost-benefit analysis is to allow management to make the best decisions using the measurment of profitability in a specific project or system. The model calculates all the income and benefits as well as all the associated costs, substracting the costs from the benefits. This is how you can determine the opportunity cost for each project or system.