When is it acceptable to use estimated monetary value as a decision criterion? When isn't it acceptable to use it

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter2: Managerial Decision-making
Section: Chapter Questions
Problem 3CRQ: What is a heuristic, and when would it be appropriate to use a heuristic for decision-making?
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When is it acceptable to use estimated monetary value as a decision criterion? When isn't it acceptable to use it?

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