Answer:
The statement is: False.
Explanation:
Managers must make decisions based on facts and support data -such as the accounting books of the company- since those sources provide objective information on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a study must be made before taking a step forward to analyze what the best output could be.
Thus, guessings and personal points of view are not enough for managers to conduct business.
