which of the following is an example of someone using a cost benefit analysis to make a decision?
A: Bill sees a jacket he likes in a shop window, so he buys it.
B: Janice buys a new laptop computer. It is expensive but she has decided that it is worth buying because she needs it for school.
C: Mai decided to buy a new video game because she is really excited about playing it.
D: Lanh buys a nice dinner at a restaurant. Later he realizes that he has overdrawn his bank account.

B because she brought something that cost a lot of money but it was for a good reason she needed it for school unlike the other people who just brought the stuff because they wanted stuff not because they needed it

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tutorconsortium33 tutorconsortium33 · Answer 2 · 2022-07-07T11:18:48+02:00

(B) Janice buys a new laptop computer. It is expensive but she has decided that it is worth buying because she needs it for school.

Cost-benefit analysis:

Cost-benefit analysis (CBA), also known as benefit-cost analysis or cost-benefit analysis, is a methodical strategy for determining the advantages and disadvantages of various options.
It is used to choose solutions that will maximize savings while achieving benefits in areas including transactions, activities, and functional business requirements.
A CBA can be used to assess current and possible courses of action, as well as to calculate or compare a decision's value to its cost.
It is frequently used to assess commercial deals, project investments, and judgments about business or policy (especially public policy).
For instance, before enacting laws or dereglementing existing ones, the U.S. Securities and Exchange Commission must perform cost-benefit studies.

Therefore, the correct example of someone using a cost-benefit analysis to make s decision is (B) Janice buys a new laptop computer. It is expensive but she has decided that it is worth buying because she needs it for school.

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