A cost-benefit analysis is intended to increase the likelihood that a support analyst has considered the major advantages and disadvantages of each alternative in a needs assessment project.

Question

Jacquelyn Hopkins

Computers & Technology

5 December, 09:12

A cost-benefit analysis is intended to increase the likelihood that a support analyst has considered the major advantages and disadvantages of each alternative in a needs assessment project.

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Jack Galloway · Answer 1

True

Explanation:

A cost-benefit analysis is a process and procedures that are utilized by businesses to analyze and make proper decisions. The process involves a business strategist or analyst summing the benefits of a situation or action and then taking away the costs associated with taking that action.

Some consultants or analysts also put up models to assign a dollar value on intangible or indefinable items, such as the benefits and costs related with living in a particular town.