Select the steps for a cost-benefit analysis. list the costs involved in making a decision. compare the costs and benefits. list the benefits involved in making a decision. make a decision based on maximizing satisfaction.

The Five Steps for Cost Benefit Analysis include:

1. Specify the possible options for action

2. List all possible outcomes

3. Determine probability of each outcome

4. Assign a value to each outcome

5. The sum of the values times probabilities for each option is the expected value of that option.

         Production, implementation, and failure are all costs involved in making a decision.

          Speedy results, saving energy, saving time and/or money, sense of achievement, raising of morale and/or confidence are all benefits involved in making a successful decision.

what is the other part to the question

because this was the year that the state of israel was formed