Conduct a cost-benefit analysis using a template and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs.

Conduct a cost-benefit analysis using a template and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs.

Your Topic: Conduct a cost-benefit analysis using a template and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs. Recommend a plan of action based on the cost-benefit analysis.

Assignment Details: Prepare a two-part cost-benefit analysis.
Part 1
•       Complete the cost-benefit analysis template for the purchase of an MRI machine for the clinic with estimated costs and benefits values.
Part 2
Based on the cost-benefit analysis, write a 2–3-page summary:
•       Explain the concept of opportunity cost.
•       Explain how the cost-benefit analysis aligns with organizational needs and future growth.
•       Recommend a plan of action that is supported by the cost-benefit analysis. (Should the clinic purchase the MRI machine, or not?) Reference specific areas of the analysis in your recommendation.
Submit both parts of the assessment at the same time. Please note that you will need to attach each part separately since they are different types of documents.

Select Subject: Business

Deadline: 19/01/2022 20:33

Preferred Format: APA

Number of Sources: 4

Number of Pages: 3

PowerPoint slides:

Preferred Spacing: Double spaced

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