Economic Theory Is a Valuable Tool for Business Decision Making

Multiple Choice

Economic theory is a valuable tool for business decision making because it

A) acts like a road map to abstract away from nonessential matters to allow managers to concentrate on the relevant items for making a decision.
B) creates a realistic,complex model of the business decision.
C) allows managers to apply the economic way of thinking to make valid explanations and predictions about real world business problems.
D) both a and c
E) a,b and c