Business confidence indices are a viable alternative to economic statistics for management decision making.

Question

Quizplus · Accepted Answer

Business confidence indices provide a measure of the sentiment and expectations of businesses, which can be useful for management decision making. These indices are often based on surveys and can provide up-to-date information on the current state of the business environment. However, they should not be used as a replacement for economic statistics, as these provide more comprehensive and objective data on the overall state of the economy.

Business Confidence Indices Are a Viable Alternative to Economic Statistics