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Examveda

An accounting approach, in which expected benefits exceed expected cost is classified as

A. benefit approach

B. cost approach

C. cost-benefit approach

D. accounting approach

Answer: Option C

Solution(By Examveda Team)

An accounting approach, in which expected benefits exceed expected cost is classified as cost-benefit approach. A cost-benefit analysis is a process businesses use to analyze decisions. The business or analyst sums the benefits of a situation or action and then subtracts the costs associated with taking that action.

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