study guides for every class

that actually explain what's on your next test

Cost-Benefit Analysis

from class:

AP Psychology

Definition

Cost-benefit analysis is a decision-making tool used to evaluate the potential benefits and costs of an action or decision. It involves weighing the positive outcomes or rewards against the negative consequences or sacrifices.

"Cost-Benefit Analysis" also found in:

Subjects (279)

© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.