Choosing the best tradeoff between cost and benefits is a managerial judgement decision.

Question

Quizplus · Accepted Answer

The decision to choose the best tradeoff between cost and benefits involves weighing the potential benefits against the costs involved in achieving those benefits. This requires making a judgment based on a variety of factors, such as the overall goals of the organization, the available resources, and the potential risks and rewards of different courses of action. As such, it is a decision that requires managerial judgment and is not a purely objective calculation.

Choosing the Best Tradeoff Between Cost and Benefits Is a Managerial