When managers use economic theory to decide between alternative production techniques, they are using business economics as:

CA Foundation · Business Economics · MTP · September 2026
When managers use economic theory to decide between alternative production techniques, they are using business economics as:
(A) A. a theoretical concept only
(B) B. a decision-making tool
(C) C. pure statistics
(D) D. a macroeconomic policy

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. a decision-making tool

Topics: Nature & Scope of Business Economics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic