Tick the true statements relating to implementing costing strategies:

Businesses will assess any action based on the costs involved and therefore a financial assessment is necessary for any implementation of processes.

X

While the marketing potential of being socially responsible and green portrays a positive image it still must be paid for.

X

A cost benefit analysis is designed to measure the profit made in a dollar amount

X

The simple formula applied is costs minus benefits

X

The simple formula applied is benefits minus costs

X

An ROI analysis would measure the effectiveness of an investment in generating a profit.

X

The formula applied is costs minus benefits, divided by benefits

X

The formula applied is benefits minus costs, divided by costs

X