Ask Question
BusinessBusiness
3 April, 23:29

In cost benefit analysis why must there be a single common unit?

+3
Answers (1)
  1. 3 April, 23:56
    0
    In a cost benefit analysis, you have to have a common unit so that you are able to make a comparison. As the old saying goes, it is hard to compare apple to oranges. To know if a product is worth the investment, we must use money as a common unit for comparison's sake.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In cost benefit analysis why must there be a single common unit? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Direct expenses are expenses that A) can be identified with a specific department. B) can't be identified with a specific department. C) can be identified with more than one department. D) None of the above
Answers (2)
The demand for Carlo Rossi wine is relatively elastic since there are many other wines available to choose from.
Answers (1)
Pam runs a shoeshine stand at the airport. Pam has no skills, no job expereince, and no alternative employment. Entrepreneurs in the shoeshine stand business earn $20,000 a year.
Answers (1)
14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada's nominal tariff rates for importing these goods are 20 percent for steel and 10 percent for taconite.
Answers (1)
Oki Company pays $264,350 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment.
Answers (1)
New Questions in Business
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $3 per bushel, and 5 million
Answers (1)
A company is just getting started and needs new equipment, but does not have a large amount of cash. Since the company business will also require frequent updating of the equipment, it is better to
Answers (1)
4. Boeing just signed a contract to sell a Boeing 737 aircraft to Air France. Air France will be billed €20 million which is payable in one year. The current spot exchange rate is $1.05/€ and the one-year forward rate is $1.10/€.
Answers (1)
You want to determine the control lines for a "p" chart for quality control purposes. If the total number of defects from all samples is 560, the number of samples is 70, and the sample size is 80, which of the following would be the standard
Answers (1)
Webster corporation is preparing its cash budget for april. the march 31 cash balance is $37,000. cash receipts are expected to be $647,000 and cash payments for purchases are expected to be $614,500.
Answers (1)
Home » Business » In cost benefit analysis why must there be a single common unit?
Sign Up Forgot Password?