Rejecting cost-benefit analysis in setting standards is not the same as rejecting cost-effective strategies in implementing those standards. This statement is true.
Which one most accurately sums up the goal of cost-benefit analysis?
Cost-benefit analysis is mostly used to decide if it is worthwhile to start a project or complete a task. By learning more about the project's expenses and advantages, this decision is taken.
What three elements make up a cost-benefit analysis?
The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are the three main factors that determine the outcome of a cost-benefit analysis, as was previously established. These three metrics each evaluate the project's viability, and when taken together, they paint an accurate picture of the IPF.
To know more about cost-benefit analysis, click here- brainly.com/question/199821
#SPJ4
