Question

The systematic approach to estimate the strength and weakness of activities or functional requirement considering both direct and indirect values is known as:

• A. Cost Benefit Analysis
• B. Risk Benefit Analysis
• C. Integrated Benefit Analysis
• D. Relative Cost Assessment

Hint:

CBA = Weighing total expected benefits vs. costs to decide whether it’s worth proceeding with a project or policy.

Answer 1

The Correct Option is A

Cost Benefit Analysis (CBA) is a systematic method used to evaluate the strengths and weaknesses of alternatives. It considers both direct and indirect costs and benefits to determine the best approach or option based on economic efficiency.