Qualification > Commerce
Business Paper (2)
Aodian:
cost benefit analysis is the valuation by a government agency of all external and private costs and benifit resulting from a business decision...
External cost are the cost paid by the rest of the society rather than the business.. For eg if a business is making a dam or a factory.. waht will the community have to pay for.. U could say they would lose precious farmland, u could say building factory would lead to noise, u could say that pollution could happen.. pretty much how the community suffers because of a business decision..
External Benefits are the gains to the rest of the society other than the business from the business decision..
this could be like.. if they built a mall.. jobs could be made.. if they built schools.. you will have better educations.. more roads, more jobs, more etc.. pretty much what makes everything better
Private costs are the cost of a business decision paid by the business.. For example cost of buying the land, cost of construction that the business incurs when building somehting etc.. Pretty much what it takes to make or construct.. could also be market research cost..
Private benifits are the gains that the business receives from taking the business decision.. could be increased profits, higher job efficiency,, faster rate of productioin.. productivity increases.. depending on what they ask u..
Social cost is the addition of Private cost and external cost which means what both the business and the community will pay...
Social benifit is the addition of pricate and external benifits.. this means how both of the sides will benifit if the business goes ahead with the decision..
phews... there u go..
X Abdulrahman X:
nice reko, that helps alot ^_^, + rep :)
247sports:
both of u rock THNK U SOOO MUCHH
here 2 smiley faces 4 each one of u :) :)
gud luck
Take care
astarmathsandchemistry:
--- Quote from: abdulrahman101 on June 02, 2009, 05:59:51 pm ---nice reko, that helps alot ^_^, + rep :)
--- End quote ---
glad to hear that :), thanks!
astarmathsandchemistry:
--- Quote from: 247sports on June 02, 2009, 06:01:48 pm ---both of u rock THNK U SOOO MUCHH
here 2 smiley faces 4 each one of u :) :)
gud luck
Take care
--- End quote ---
hahaha welcome, thanks for the smileys :)
good luck to u too
Take care
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