Difference between revisions of "Cost-benefit approach"
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| − | [[Cost-benefit approach]] is approach to decision-making | + | [[Cost-benefit approach]] is approach to [[decision-making]] in allocation of [[resource]]s based on a [[cost-benefit analysis]]. |
==Definitions== | ==Definitions== | ||
Latest revision as of 13:33, 18 July 2020
Cost-benefit approach is approach to decision-making in allocation of resources based on a cost-benefit analysis.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Cost-benefit approach. Approach to decision-making and resource allocation based on a comparison of the expected benefits from attaining company goals and the expected costs.
