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cost analysis

a systematic determination of the costs associated with the implementation of a program’s services. These include direct personnel, material, and administrative costs, calculated from the perspective of a given purchaser (e.g., government agency, client), budgetary category, and time period. Once determined, these costs are utilized further in cost–benefit analysis or cost-effectiveness analysis.

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Psychology term of the day

March 16th 2025

Rhine cards

Rhine cards

see Zener cards. [Joseph B. Rhine]