Which of the Following Is Not a Characteristic That Distinguishes

question 34

Multiple Choice

Which of the following is not a characteristic that distinguishes strategic decisions from other kinds of decisions?

• A) Strategic decisions are ill-structured and non-routine
• B) Strategic decisions may not be linked with the success or failure of an organization
• C) Strategic decisions involve a significant commitment of resources
• D) Strategic decisions are difficult to reverse both economically and politically

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Definitions:

Quota Rent

The earnings that accrue to the license-holder from owning the right to import a limited quantity of goods under a quota system.

New York Taxicab

An iconic mode of public transportation in New York City, known for its yellow cabs that offer transport services across the city.

Quota Rent

Extra income earned by producers who benefit from an import quota, as it raises the market price of their goods.

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service at a given time.