Which of the following is true about managerial judgment?
A) It does not consider a manager's past experience and observation.
B) It is based on mixed costs only.
C) It is the most widely used method in practice.
D) None of these are correct.

Question

Quizplus · Accepted Answer

Managerial judgment is a common method used in practice where managers rely on their experience, knowledge, and intuition to make decisions. The other options are incorrect as managerial judgment does consider past experience and observation, and it is not limited to mixed costs only.

Which of the Following Is True About Managerial Judgment