Based on standard practices, the correct steps on how cost-benefit analysis is done begin with "List the cost of the decision."
The subsequent steps on how cost-benefit analysis are done are the following:
- Figure out all of the benefits of the decisions
- Compare costs and benefits to see which is bigger
- Be presented with a decision
What is the cost-benefit analysis?
Cost-benefits analysis is the process of assessing the benefits of a decision by weighing the benefits over the cost of taking such a decision.
Hence, in this case, it is concluded that the proper steps are 2, 3, 1, and 4 chronologically.
Learn more about Cost-benefits analysis here: https://brainly.com/question/199821
