Discussion
Comparing benefit cost with cost effectiveness analysis, cost effectiveness
Answer: B
Correct answer: avoids valuing the benefit but cannot judge worth
This is the trade the method makes. Not having to price the outcome is exactly what makes cost effectiveness usable for health, safety and defence, where valuation is contentious or impossible. The price of that convenience is that it can rank alternatives but cannot say whether any of them is worth its cost.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development