Question

When is ABC most likely to pass the cost-benefit test?

1) When the benefits outweigh the costs
2) When the costs outweigh the benefits
3) When the benefits and costs are equal
4) Cannot be determined

Answer 1

ABC is most likely to pass the cost-benefit test when the benefits outweigh the costs.

Step-by-step explanation:

When is ABC most likely to pass the cost-benefit test? The answer is 1) When the benefits outweigh the costs. In a cost-benefit analysis, a decision is considered favorable when the benefits of taking action are greater than the costs involved. For example, if a company is considering implementing a new technology, they would weigh the potential benefits such as increased productivity or cost savings against the costs of purchasing and implementing the technology. If the benefits outweigh the costs, then it would be a favorable decision to proceed with the implementation.