Which best describes the decision-making process when doing a cost-benefit analysis? a. trying to predict the future b. weighing pros and cons c. asking economists what makes sense .d. ignoring needs in favor of wants

Respuesta :

Answer:

Answer is option b, i.e. weighing pros and cons.

Explanation:

Cost-benefit analysis is used to calculate the positive gains of the business against various factors that incur costs and losses on the same. Thus, the purpose of doing cost-benefit analysis in the decision making process is to evaluate the cost that will be incurred and how much profit does a particular decision would give. This is thus helpful in measuring the pros and cons of any decision that is to be taken for any particular business.

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