Question

‘Rule of thumb’ refers to _______.

• A. Adopting a hit-and-trial approach to resolve management problems
• B. Use of personal judgment in handling management issues
• C. Both of the above
• D. None of the above

Answer 1

The correct option is C

Both of the above

Answer (c) Both of the above

Explanation: ‘Rule of thumb’ is an investigative rule that gives improved and simple answers or some fundamental standard set with respect to a specific subject or game-plan. It is a general rule that gives practical guidelines for achieving or approaching a specific task.