COST-BENEFIT ANALYSIS Definition

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COST-BENEFIT ANALYSIS is the method of measuring the benefits anticipated from a decision by determining the cost of the decision, then deciding whether the benefit outweighs the cost of that decision.

Learn new Accounting Terms

GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc.

ALLOWANCE, within Sales, is a concession granted to customers for unsatisfactory goods or services. Reduces sales because a portion of the sale has not been earned.

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