Question

What is crucial to justify the costs in procuring information?

a.

Completeness

b.

Transparency

c.

Cost Benefit Analysis

d.

Reliability

Answer: (c).Cost Benefit Analysis Explanation:It is essential to ensure that the benefits derived from information justify the costs, and for this purpose, cost benefit analysis, including cost accounting techniques and past experience, may be used.

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Q. What is crucial to justify the costs in procuring information?

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