ECONOMICS

Detailed explanation-1: -But the listening to impulse should be avoided as it can result in good or bad things also it is not considered for the safest route. Therefore Listening to impulse should be avoided.

Detailed explanation-2: -Sunk costs should be ignored in making decisions because they have no influence on future costs and benefits.

Detailed explanation-3: -Don’t allow your emotions or personal bias to get in the way. Keep your ego in check, and aim to separate your personal opinions on people or situations as much as you can. This is imperative, as rationality and objectivity are key in making truly successful and effective decisions.

Detailed explanation-4: -By learning to listen, good managers show they care about the work their teams are doing. They are invested in and informed about the process. Their ability to make good business decisions is based on the information they’ve received from those around them, which largely depends on listening well.