Valuation is a process that encompasses economic costs and benefits on both an explicit and implicit basis? In other words, costs and benefits can be expressed as actual cash receipts (and disbursements) AND opportunity costs, which reflect the highest valued alternative forsaken to pursue a given decision?

Explain how you would go about factoring or estimating those "implicit" or opportunity cost issues in your analysis. Include either a real world or hypothetical example to support your approach?

Answer rating: 100% (QA)

Yes valuation is a process that considers both explicit and implicit costs and benefits Explicit costs and benefits are those that involve actual cash ... View the full answer