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PeopleCert MOVF Exam - Topic 3 Question 57 Discussion

Why may cost benefit analysis (CBA) be applied when developing a Value Improving Proposal (VIP)?
B) All new policies, programmes and projects should be subject to comprehensive but proportionate assessment
A) It compares the initial magnitude of cost of an MoV Study with the long term benefits it will deliver
C) It is used in conjunction with discounted cash flow to ensure that the lowest cost VIP is always selected
D) It assesses the benefits of implementing a proposal against the risk that the VIP may fail

PeopleCert MOVF Exam - Topic 3 Question 57 Discussion

Actual exam question for PeopleCert's MOVF exam
Question #: 57
Topic #: 3
[All MOVF Questions]

Why may cost benefit analysis (CBA) be applied when developing a Value Improving Proposal (VIP)?

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Suggested Answer: B

by Valentine at Aug 21, 2022, 10:09 PM

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Lenna
10 months ago
I think all projects should definitely go through this process.
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Dudley
10 months ago
It's crucial for assessing risks and potential failures too!
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Margarita
10 months ago
Wait, can CBA really predict long-term benefits accurately?
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Shawn
10 months ago
Totally agree, it's essential for smart decision-making!
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Catherin
10 months ago
CBA helps weigh costs vs. benefits effectively.
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Claribel
11 months ago
I practiced a question similar to this, and I think comprehensive assessments like in option B are crucial for new projects, but I’m not confident about the best answer here.
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Sage
11 months ago
I feel like option D could also be relevant since assessing risks is important in decision-making, but I can't recall the exact details.
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Kathrine
11 months ago
I think option A sounds familiar because it talks about comparing costs and long-term benefits, which we discussed in class.
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Gretchen
11 months ago
I remember CBA helps weigh costs against benefits, but I'm not sure how it specifically relates to VIPs.
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Albina
11 months ago
I'm pretty sure the answer is C. Numerical is not a statistical level of measurement, the others (ordinal, nominal, and ratio) are.
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Julianna
11 months ago
Hmm, I'm not too familiar with these specific services. I'll have to think it through and try to eliminate the options that don't seem to match the criteria.
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Denise
11 months ago
I practiced a similar question where for-profits had more funding options. I guess Verde has both, but Noir might just have debt?
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