the first step in understanding the costs and benefits of a decision is identifying possible outcomes…

the first step in understanding the costs and benefits of a decision is identifying possible outcomes. determining all costs and benefits. identifying possible benefits. calculating the costs of all options.
Answer
Brief Explanations:
To understand costs and benefits of a decision, one must first know what can happen. Identifying possible outcomes provides a framework for determining costs and benefits. Without knowing the potential results, it's impossible to accurately assess costs and benefits.
Answer:
identifying possible outcomes.