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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Cost-benefit analysis |
Method to measure in financial terms the cost and the benefits of investment including consideration external factors(stakeholders,the general public) and cost as well as internal(the business) cost and benefits |
Social benefits-social costs |
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Advantages of CBA |
•Takes into account wide range of benefits and costs. •Takes social and environmental impacts into account. •Puts a value to all the external benefits. •Can be helpful to rank project in order of the highest public benefits. |
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Disadvantages |
•Value of intangibles will be difficult. Eg-pollution •Views of those preparing the intangible factors estimation will differ from person to person. Eg-environmentalist will estimate higher for pollution. |
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