1. The recommendation if we used the Opportunity Cost Approach would be ...

a) Different from the Cash Flow Approach.

b) Same or different, we cannot tell without going through the calculations.

c) Same as the Cash Flow Approach.

d) Most likely the same, but it could be different.

2. The cost-effectiveness analysis is used to compare mutually exclusive projects if their cash flows include:

a) Costs only

b) Benefits only

c) Both costs and benefits

d) Either costs or benefits