Question

In 1-2 sentences, describe why decisions are based on expected costs and benefits.

Answer 1

Costs and benefits are incorporated into decisions because decisions produce results, and results need to be favorable. A result's favorableness is measured by its costs and benefits. Thus, decisions are often based on cost-benefit analyses because decision-makers want to know whether a particular decision is worth taking.

Step-by-step explanation:

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Answer 2

Decisions are based on expected costs and benefits because decisions lead to results and the results must be favorable. The measure of the favorableness of a result is based on the costs and the benefits. In other words, decisions are based on expected costs and benefits because the decision-maker wants to know if taking a certain decision is worth it.