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Cost-Benefit Analysis Theory

What is a cost-benefit analysis and who should be responsible for conducting one? When is the most appropriate time in the budget cycle to conduct the analysis and why?  Should each cost be subjective to a cost-benefit analysis? Why or why not?  

Your initial post should be at least 250 words in length. Support your claims with examples from required material(s) and/or other scholarly resources, and properly cite any references.

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