which of the following statements regarding the valuing of costs and benefits is

Question

which of the following statements regarding the valuing of costs and benefits is not correct? In the absence of competitive markets we can use one - sided prices to determine exact cash values. The fast step m evaluating a project is to identic. its costs and benefits. 35&F.; Competitive market prices allow us to calculate the value of a decision without worrying about the tastes or opinions of the decision maker iD Because competitive markets exist foe most commodities and financial assets, we can use them to determine cash ahies and evaluate decisions in most situations

Explanation / Answer

Solution.

B. The first step in evaluating the project is to identify its cost and benefits

In the first step of evaluating the project is to identify brainstorm all of the costs associated with the project not the only cost benefit.

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