Lean Six Sigma Yellow Belt · Free Practice Question Easy
Question 14
What is the primary goal of a cost-benefit analysis?
- A To identify the root cause of a problem or opportunity for improvement
- B To determine the potential costs and benefits of a proposed solution to a problem or opportunity for improvement
- C To develop a plan to address a problem or opportunity for improvement
- D To implement a plan to address a problem or opportunity for improvement
Reveal correct answer
Correct answer: B
Explanation
A cost-benefit analysis is used to determine the potential costs and benefits of a proposed solution to a problem or opportunity for improvement. It helps organizations make informed decisions by weighing the potential costs and benefits of different solutions.Discussion
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