Which of the following is a major advantage of cost-benefit analysis in decision-making?
Type: MCQ • Marks: 1
Which of the following is a major advantage of cost-benefit analysis in decision-making?
Options
A. It eliminates value judgments completely
B. It provides a systematic framework for comparing expected benefits and costs
C. It guarantees accurate forecasts
D. It removes uncertainty
Explanation
Cost-benefit analysis helps decision-makers compare alternatives systematically, though it cannot eliminate uncertainty or difficult-to-monetise values.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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