Understanding & Using Cost-Benefit Analysis

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

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

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime.
Already registered? Login here for access

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

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

Create your account to access this entire worksheet
A premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

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
Support