An accounting approach, in which expected benefits exceed expected cost is classified as

A benefit approach
B cost approach
C cost-benefit approach
D accounting approach

Correct Answer: cost-benefit approach

An accounting approach, in which expected benefits exceed expected cost is classified as cost-benefit approach. A cost-benefit analysis is a process businesses use to analyze decisions. The business or analyst sums the benefits of a situation or action and then subtracts the costs associated with taking that action.
Bissoy MCQ
#Management #Management Accounting

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