Then, whoís the smartest?
If itís the spelling bee judge, she mean
who has the biggest memory and best recall.
If itís the corporate executive wanting a secretary, she means whoís the best organized.
If itís the army general wanting someone to fight the battle, he means whoís the most skilled with computers.
If itís the head of state needing to solve a political problem, he means who can deal with the most parameters.
If itís the chief engineer, she means . . . ???
And what about cost/benefit ratio?
Both cost and benefit depend very much on the situation.
Both are multi-component measures.
Division by a multicomponent variable is almost never allowed.
The economist must manipulate the several components to squeeze out a single value.
That manipulation is a door left wide open to personal bias.