Calculations of cost and benefit are based on personal preferences
The cost and benefits are the analytical tool that varies from person to person. The cost-benefit analysis saying that how to maximize benefits with minimum costs.
The statement accurately describing the calculation of cost and benefit is:
"the calculation of cost and benefits are based on personal preferences".
Reason:
It is based on the personal preferences because the cost to be allocated by each person vary, the time period for the earning of the benefit varies, and the risk factor of each cost invested or saved in avenues may also differ.
Therefore, that calculation of the costs and benefits vary from personal preferences of individuals.
For more information about cost benefit analysis, refer to the link:
https://brainly.com/question/3443140
