Q30
In cost benefit approach, type of costs include
A.
cost of ongoing operations
B.
investments in physical assets
C.
training of managers
D.
all of above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In cost benefit approach, type of costs include cost of ongoing operations, investments in physical assets and training of managers. 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.