Understanding & Using Cost-Benefit Analysis


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question 1 of 3

Which of the following is a disadvantage of cost-benefit analysis:

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1. Which costs are excluded from cost-benefit analysis?

2. What is the principle behind time value of money?

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About This Quiz & Worksheet

Assess your knowledge of economic cost-benefit analysis with this quiz/worksheet. You'll be answering multiple-choice questions on important topics like one of the downsides to cost-benefit analysis and the costs that are not included in a cost-benefit analysis.

Quiz & Worksheet Goals

These areas will be considered:

  • Major principle associated with the time value of money
  • Reason a project should be accepted in cost-benefit analysis
  • Main purpose of using cost-benefit analysis

Skills Practiced

  • Reading comprehension - make sure you know the most important information from the lesson on economic cost-benefit analysis, such as the costs that are excluded through this process
  • Knowledge application - use your knowledge to answer questions about a disadvantage to cost-benefit analysis and the main principle of the time value of money
  • Information recall - access the knowledge you've gained regarding the reason a project might be accepted in cost-benefit analysis

Additional Learning

For more on managerial accounting, you can review the lesson called Understanding & Using Cost-Benefit Analysis. The following points will be covered:

  • Budgeting
  • Monetary value
  • Non-monetary costs and benefits
  • Discount rate
  • Calculating cost-benefit analysis