Judgments Made by Professionals Based on Their Training and Experience

question 33

Multiple Choice

Judgments made by professionals based on their training and experience and unwritten rules are known as:

• A)formal decision making.
• B)discretionary decision making.
• C)applying the written rules in a flexible manner.
• D)official discretion.

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Definitions:

Slope

In mathematics, the slope is the measure of the steepness, incline, or grade of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Point A

In the context of graphs or models, a specific point that might denote a specific situation or condition in an analysis or illustration.

Point D

A specific point on a graph or in a dataset, often used in economics to denote either an equilibrium point or a point of interest in a graphical analysis.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.