The key to using the cost-benefit principle is to think about aspects of a decision. Group of answer choices only nonfinancial neither financial nor nonfinancial only financial both financial and nonfinancial

both financial and nonfinancial

Explanation:

The cost benefit analysis means the approach where we analyze the strength and weakness of the alternatives available and determine the optimal solution that help in accomplish the benefits.

So in order to use the cost-benefit principle here both financial and non-financial should be used

Therefore the last option is correct

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; post closing trial balance;