Cost benefit in internal assessment
Explain cost/benefit analysis and discuss how it is used in internal assessments. When is cost/benefit analysis most useful and least useful in an internal assessment?
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Cost benefit analysis means comparing the total costs of a decision compared with the total expected benefits of the decision. A new decision or new initiative is taken in an organization if total benefits outweigh total costs. Cost benefit analysis is most useful ...
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This solution discusses cost benefit analysis in internal assessment.
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