personal opinions-ie NOT objective facts
vary from person to person
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
vary from person to personVary from one person to another.
Costs and benefits are both subjective.
Cost and benefits are subjective
vary from person to person
Economic decisions are based on whether the decision is profitable or not. For instance, businesses make economic decisions about when to hire employees.
vary from person to personVary from one person to another.
subjective
objective means that you make decisions and draw conclusions based on evidence, subjective means that personal feelings have entered into a decison or conclusion.
Objective information is information that comes to us through our senses: what we see, hear, smell, touch or taste. Subjective information is what we think, feel, believe, judge or infer about objective facts. Although subjective information is interesting, program decisions need to be made based on observable, objective data.
Non-programmed decisions are used for new, unstructured and badly defined problems, which are non-recurring. These decisions require subjective judgement. The top-level of management makes these decisions.
Costs and benefits are both subjective.
decisions arrived at based on self-interest or impluses
A subjective measurement is something that is based on an opinion and is most often biased. The opposite would be an objective measurement which is quantifiable and based only on fact.
Objective probability is based on some basis of fact, experimentation, or analysis. Subjective probability is based on someones guess.
Cost and benefits are subjective