Economic value is considered to be an ideal approach to measuring value, but may lack reliability due to the fact that the measure relies on estimates.

Name: Economic value is considered to be an ideal approach to measuring value, but may lack reliability due to the fact that the measure relies on estimates.
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Question

Quizplus · Accepted Answer

Economic value is based on estimates and predictions, which can be subject to bias and uncertainty, leading to a lack of reliability in measuring value.

Economic Value Is Considered to Be an Ideal Approach to Measuring