Exam 12: Analyses of Costs and Outcomes

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In judging the usefulness of a cost-benefit evaluation, one must be wary of

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Sunk costs are those that

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An advantage that accountants have over program evaluators is that

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An evaluator doing a cost-benefit study may ignore certain benefits when

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University faculty members often dispute the need to cover indirect costs for their research activities. They sometimes comment to the effect that "The buildings are here already, my lab will be heated because the classrooms will be heated anyway; therefore, indirect costs of my research is just a way of raising money." Marshall the reasons why indirect costs must be considered in assessing the costs of research.

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Cost-effectiveness analyses are performed when one

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Some critics of cost-benefit analyses point to the monetary value set on saving a human life, say, $8 million dollars, and ask: "Does that mean that if I pay $8 million dollars to someone (or to his heirs), I can kill them?" What misunderstanding of cost-benefit analyses does this comment reflect?

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Since most human service programs are expected to yield benefits in the years after the program participants leave the program,

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