Which of the following best explains why market prices are useful to a financial manager when performing a costminusbenefit analysis? A. They allow all commodities and services to be assigned a fixed and unchanging value. B. They can be evaluated to determine whether the market in which the manager exchanges goods and services offers true value. C. They can be used to convert different services and commodities into equivalent cash values which can be compared. D. They can be used to determine how much an asset can be sold for.

Option (C) is the correct answer to this question.

Explanation:

A cost-benefit analysis is a method that organizations use to assess decision making. The company or financial provision up the advantages of a circumstance or intervention but instead deducts the risks of taking the steps. Some consultants or analysts are now developing models for assigning a dollar value to intangible products, such as the advantages and costs of living in a certain town

Other options are incorrect because they are not related to the given scenario.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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