Business Studies, asked by kuushishah, 3 months ago

What is 'Rule of Thumb'?

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Answered by misscutie94

5

Answer:

Question :-

What is 'Rule of Thumb'?

Answer :-

A rule of thumb is a heuristic guideline that provides simplified advice or some basic rule - set regarding a particular subject or course of action. It is a general principle that gives practical instructions for accomplishing or approaching a certain task. Typically, rules of thumb develop as a result of practice and experience rather than through scientific research or a theoretical foundation.

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