Define Cost Benefit Analysis (CBA).
Define Cost Effectiveness Analysis (CEA).
Then compare and contrast the differences and similarities of a CEA and CBA.
Be sure to cite your sources of information and provide examples.
Cost Benefit analysis is an approach to finding the strengths and weaknesses of alternatives that satisfies transactions, activates, or functional requirements for a business. Cost benefit analysis is used for justification of investment decision. It gives a basis for comparing projects. The method totals up the equivalent money value of the benefits and costs of the project (b). An example is the cost benefit analysis in a multinational corporation that markets fast food products. ...
This posting gives you a step-by-step explanation of cost benefit analysis and cost effectiveness analysis. The response also contains the sources used.