Question

Technical consideration ________.

A) help managers make wise economic decisions by providing them with the desired information
B) focuses on encouraging individuals to do their jobs better
C) focuses on compensating the managers for good performance
D) emphasize on different costs for different purposes

Answer 1

Technical considerations help managers make wise economic decisions by providing necessary information and allowing them to appreciate different costs for different purposes, akin to a basketball player making a pass without precise calculations.

Step-by-step explanation:

Technical considerations in the context of management and decision-making help managers make wise economic decisions by providing them with the desired information that emphasizes on different costs for different purposes. This approach enables managers to understand the tradeoffs involved in economic decisions. For instance, similar to how a basketball player does not perform complex physics calculations before making a pass but makes a decision based on intuition and practice, managers utilize technical considerations and economic principles to inform their decisions without needing to perform overly complex calculations. Personal judgment, informed by technical knowledge, plays a critical role in managing and guiding economic decisions effectively.