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Quiz: Cost Benefit Analysis (CBA): Purpose and Use

WJEC Eduqas GCE A LEVEL in BUSINESS specification

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Building on what you've learned about decision-making tools, let's test your knowledge of Cost Benefit Analysis (CBA): Purpose and Use!

Multiple ChoiceInteractive

What is the main purpose of Cost Benefit Analysis (CBA)?

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Multi-SelectInteractive

Which of the following are examples of benefits in a CBA? (Select all that apply)

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Fill in the BlankInteractive

Cost Benefit Analysis involves comparing the {{blank0}} of a decision to its {{blank1}}.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

A business spends £20,000 on a project and expects to gain £50,000 in benefits. What is the net benefit?

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Multiple ChoiceInteractive

Which of the following best describes why opportunity cost is important in CBA?

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Multi-SelectInteractive

Which factors might be included in the costs section of a CBA? (Select all that apply)

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typedAnswer

Match the items on the left with their correct pairs on the right

Multiple ChoiceInteractive

What type of decision is most suitable for using CBA?

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