Which of the following is true about managerial judgment? a. It is based on mixed costs only. b. It is the most widely used method in practice. c. It does not consider a manager's past experience and observation. d. None of these choices are correct.

The correct answer is (B)

Explanation:

The managerial judgment also known as manger's decision making is considered as an important to tool to solve various management and operational conflicts within an organisation. Managerial judgment is well-known and most widely used practice around the world to solve various conflicts. When it comes to decision making there is no better way than managerial management.