Use of “Cost Benefit Analysis”

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As you’re learning in Assignment 2, a key technique in managerial accounting/finance is the use of “Cost Benefit Analysis” to help management make better business decisions. · Discuss one application of this concept in your current work environment (examples might include make vs. buy, plant location, new product or packaging, downsizing, acquisition/divestiture, etc.). · Discuss a variable or assumption within the project where the data was difficult to obtain — and what you did to develop a reasonable assumption for the project economics. · Additionally, share or create one example where using financial data and cost benefit analysis that did, or could have, led to a better decision.

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