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LSDefine

Simple English definitions for legal terms

cost-benefit analysis

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A quick definition of cost-benefit analysis:

Cost-benefit analysis is a way to figure out if something is worth doing. It looks at how much it will cost to do something and compares that to how much good it will do. This helps people make smart decisions about what to do with their time and money.

A more thorough explanation:

Cost-benefit analysis is a method used to compare the costs of a decision or project against the expected benefits, whether they are economic or not. It is a way to determine if the benefits of a decision outweigh the costs.

For example, a company may use cost-benefit analysis to decide whether to invest in new technology. They would consider the cost of purchasing and implementing the technology, as well as the potential benefits such as increased productivity and efficiency.

Another example could be a government deciding whether to build a new highway. They would weigh the cost of construction and maintenance against the benefits of reduced traffic congestion and improved transportation.

These examples illustrate how cost-benefit analysis can be used to make informed decisions by considering both the costs and benefits of a proposed action.

cost approach | cost-book mining company

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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