COST BENEFIT
\kˈɒst bˈɛnɪfˌɪt], \kˈɒst bˈɛnɪfˌɪt], \k_ˈɒ_s_t b_ˈɛ_n_ɪ_f_ˌɪ_t]\
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A method of comparing the cost of a program with its expected benefits in dollars (or other currency). The benefit-to-cost ratio is a measure of total return expected per unit of money spent. This analysis generally excludes consideration of factors that are not measured ultimately in economic terms. Cost effectiveness compares alternative ways to achieve a specific set of results.
By DataStellar Co., Ltd
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"