Which quote best represents a person performing a cost-benefit analysis?

Students were requested to answer a question at academics and to express what is most important for them to succeed. One that response stood out from the rest was practice. Successful people ordinarily are not born successful; they become successful by just hard work and commitment. If you tend to complete your goals, keep this in mind! as follows some question and answer examples that you could utilise to boost your knowledge and gain insight that will help you to keep up your school studies.

Question:

Which quote best represents a person performing a cost-benefit analysis?A. The most profitable part of my company is my online retail shop. It
provides customers with an easy way to access my products.
B. I want to hire an experienced candidate for a job, but she wants a
high salary. Maybe I should hire somebody who will work for less
money.
C. The roads outside my business are absolutely terrible. I should
encourage my employees to write letters about the problem to the
city council.
D. I should start growing my own food for my restaurant. I already
have a lot of experience farming and growing plants.

Answer:

The quote that best represents a person performing a cost-benefit analysis is B.  I want to hire an experienced candidate for a job, but she wants a  high salary. Maybe I should hire somebody who will work for less  money.

When doing a cost-benefit analysis, the benefit of engaging in a particular venture or action is compared to the costs of that venture. This is done to find out if:

  • the benefit of the venture will pay back its cost
  • the company should embark on the venture
READ MORE  Which purpose might a political persuasive speech serve? to convince the public to support an idea to entertain the audience by describing a recent event to explain a complicated political process to showcase the speaker’s public speaking skills?

The speaker here is comparing the cost of hiring an experienced candidate to the benefit. The cost is the high salary and the benefit is the experience.

In conclusion, this is therefore a cost-benefit analysis.

They may possibly hopefully assist the student solve the question by making use of the questions and answer examples. You will be able to then have a discussion with your classmate and continue the school learning by studying the subject with one another.

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