24. Which of the following statements is correct? a. Managerial decisions are affected primarily by microeconomic forces. b. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces. c. Managerial decisions are affected by both microeconomic and macroeconomic forces. d. Managerial decisions are affected primarily by macroeconomic forces.
24. Which of the following statements is correct? a. Managerial decisions are affected primarily by microeconomic forces. b. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces. c. Managerial decisions are affected by both microeconomic and macroeconomic forces. d. Managerial decisions are affected primarily by macroeconomic forces.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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24. Which of the following statements is correct?
a. Managerial decisions are affected primarily by
b. By and large, managerial decisions are not affected by either microeconomic or
c. Managerial decisions are affected by both microeconomic and macroeconomic forces.
d. Managerial decisions are affected primarily by macroeconomic forces.
Expert Solution
Step 1: Define managerial forces
Microeconomic forces are those that affect individual businesses or consumers, such as supply and demand, prices, and costs. Macroeconomic forces are those that affect the economy as a whole, such as inflation, interest rates, and economic growth.
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