Costs and Benefits

Trevor J. Bentley

Chapter 13 in Making Cost Control Work, 1978, pp 125-135 from Palgrave Macmillan

Abstract: Abstract In a recent British Standard, cost benefit analysis is defined as ‘The measurement of resources used in an activity and their comparison with the value of the benefit to be derived from the activity’. I have so far spent a good deal of time discussing the measurement and control of costs and resources, showing how comparison with control standards serves to improve the control of waste. There are, however, those activities where the output is not so easy to measure. These are (a) service activities and (b) control activities. The benefits from these activities tend to fall into one of these categories: (a) Those whose value cannot apparently be measured directly in money terms. (b) Those which, though they cannot be measured in money terms, can be measured in some other unit.

Keywords: Marginal Cost; Economic Cost; Cost Benefit Analysis; Cost Control; Parent Company (search for similar items in EconPapers)
Date: 1978
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03191-7_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349031917

DOI: 10.1007/978-1-349-03191-7_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().