Question
Which of the following statement is true regarding cost benefit analysis?(A) It evaluates tangible and non-tangible factors.(B) It estimates the hardware and software costs.(C) It compares the cost with the benefits of introducing a computer-based system.(D) All the statements are true.
Step 1
Cost benefit analysis is a technique used to evaluate the costs and benefits of a project or decision. It involves comparing the expected costs of a project with its expected benefits, with the goal of determining whether the benefits outweigh the costs. Show more…
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