Question

A major advantage of using ____ ___ ___ as a performance evaluation is that it forces managers to consider sales, costs, and asset usage.

Answer 1

The major advantage of using a Cost Benefit Analysis as a performance evaluation is that it forces managers to consider sales, costs, and asset usage. Cost Benefit Analysis helps managers weigh the financial implications of their choices and make informed decisions.

Step-by-step explanation:

The major advantage of using a Cost Benefit Analysis as a performance evaluation is that it forces managers to consider sales, costs, and asset usage.

Cost Benefit Analysis is a decision-making process that involves comparing the costs of an action or decision with its potential benefits. It helps managers weigh the financial implications of their choices and make informed decisions.

By using Cost Benefit Analysis, managers can analyze the costs involved in a performance evaluation, such as the time and resources required, and compare them to the expected benefits, such as improved sales, reduced costs, and better utilization of assets.