Which of the following provides the BEST approach to achieving positive outcomes while preserving savings?

The correct answer is B. Cost-benefit analysis. A cost-benefit analysis (CBA) is a systematic approach used to evaluate the financial, operational, and risk implications of a decision by comparing its costs and benefits. It provides decision-makers with a clear understanding of whether an investment or action will deliver posi

Strategic Planning, Finance, Procurement, and Vendor Management

Question

Options

ABusiness Impact Analysis
BCost-benefit analysis
CEconomic impact analysis
DReturn on Investment

How the community answered

(33 responses)

A
3% (1)
B
76% (25)
C
15% (5)
D
6% (2)

Explanation

A cost-benefit analysis (CBA) is a systematic approach used to evaluate the financial, operational, and risk implications of a decision by comparing its costs and benefits. It provides decision-makers with a clear understanding of whether an investment or action will deliver positive outcomes while maintaining or improving financial efficiency.

Topics

#cost-benefit analysis#financial tools#ROI#investment decisions

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