Q5
An accounting approach, in which expected benefits exceed expected cost is classified as
A.
benefit approach
B.
cost approach
C.
cost-benefit approach
AnswerD.
accounting approach
Answer: Option C
Solution
Answer: Option C
Solution:
An accounting approach, in which expected benefits exceed expected cost is classified as cost-benefit approach. A cost-benefit analysis is a process businesses use to analyze decisions. The business or analyst sums the benefits of a situation or action and then subtracts the costs associated with taking that action.