Quantitative measures of managerial success, such as production targets or quotas, are highly foolproof
and are thus ideal to use in increasing economic eﬃciency.

Question

Quizplus · Accepted Answer

While quantitative measures can be helpful in assessing managerial success, they are not foolproof and may not capture all aspects of a manager's performance. They also do not take into account non-quantifiable factors such as employee morale, customer satisfaction, or innovation. Therefore, using only quantitative measures to increase economic efficiency may not be the most effective approach.

Quantitative Measures of Managerial Success, Such as Production Targets or Quotas