answersLogoWhite

0

Because calculations of costs and benefits are subjective, they can be described by the term "value judgments." These assessments often vary based on individual perspectives, cultural contexts, and personal experiences, leading to different interpretations of what constitutes a benefit or a cost. Consequently, the same scenario may yield distinct conclusions for different stakeholders, highlighting the importance of considering diverse viewpoints in decision-making processes.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Related Questions

Because calculations of cost and benefit are subjective they can be described as?

Vary from one person to another.


Because costs and benefits are both subjective a person decision will always be based on what?

his or her values and beliefs


Because costs and benefits are both subjective a persons decision will always be based on what factor?

His or her unique values and beliefspersonal opinion


People come to different decisions using cost-benefit analysis even under the same conditions because costs and benefits are both what?

Subjective


Why might the writings of the Romantics be described as subjective?

The writings of the Romantics could be considered subjective because not all people have the same views in art and literature. While some may find shock, horror and disgust in a piece, another person may view it and see a piece with beautiful morale.


Why might the writing of the romantics be described subjective?

The writings of the Romantics could be considered subjective because not all people have the same views in art and literature. While some may find shock, Horror and disgust in a piece, another person may view it and see a piece with beautiful morale.


Why was Nicolas corpernicus' theory rejected?

It was because people that that his calculations were not accurate and also because his calculations of the astronomical positions was not made easy. It was hard to understand


If the means used to discover reality are subjective why do people come to claim a different reality?

it is impossible to use subjective means to discover an objective reality. That's why people claim different realities. because there is an objective reality, but you have to use objective means to find out what it is. If you use subjective means you will get a subjective answer, different claims of reality, because different subjective means.


What is a subjective paragraph on the economy?

The type, of economy is a mixed economy because of the goods, and subjective of the economy we use the best of the west.


Is there a single a single definition for art?

No, because art is subjective, and it's up to each person to decide for him or herself.


Why is rounding important?

Because it enables calculations to be carried out quickly.


Why are subjective accounts often biased?

Because subjective accounts are opinionated and emotional, The narrator usually provides only one side of the story.