Cost-Benefit Analysis

This term means the expenses or the cons to making a business decision.

• benefit

• cost

• payback period

• analysis

This term means the good things or pros of a business decision.

• costs

• outcome

• benefits

• intangibles

The amount of time it takes to earn back what you lost in a business decision is...

• recovery period

• earning period

• lost period

• payback period

What are the three types of costs in a cost benefit analysis? Choose all that apply

• one-time costs

• recurring costs

• two-time costs

• potential costs

What is a benefit that is difficult to assess financially?

• intangibles

• increased profits

• decreased expenses

• if it can't be assessed financially it's not a benefit

What are examples of benefits? Choose all that apply.

• increased profits

• boosted morale

• reduced employee turnover

• spending money in the hiring process

What is the name of the process used to make decisions in the business world?

• decision analysis

• expenses-benefit analysis

• bad-good analysis

• cost-benefit analysis

Essentially, what is a cost-benefit analysis?

• a list of all the employees you want to hire

• a pros-cons list

• a christmas wishlist

• a list of all the projects you want to do

Which is NOT an example of a cost?

• increased expenses

• increased efficiency

• money for giving employee benefits

• money for giving employees wages

Which benefit is intangible?

• increased customer goodwill

• increased profits

• increased productivity

• increased efficiency