Cost Benefit Analysis Quiz 3 (7 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. All of the following may be benefits of going to school except

Correct Answer: B) Getting less sleep.

2. Which is NOT an example of a cost?

Correct Answer: B) Increased efficiency.

3. Which of the following is a disadvantage of cost-benefit analysis?

Correct Answer: C) Different projects cannot be easily compared.

4. This term means the expenses or the cons to making a business decision.

Correct Answer: B) Cost.

5. What is the principle behind time value of money?

Correct Answer: C) Money today is worth more than money tomorrow.

6. Policy impact analysis that allows for quantification in different types of units is?

Correct Answer: C) Impact Analysis (IA).

7. The amount of time it takes to earn back what you lost in a business decision is .....

Correct Answer: D) Payback period.