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Describe the strengths and weaknesses of selected-response tests.
Tactical Decisions
Short-term choices made by an organization to address immediate challenges or opportunities, often within the framework of broader strategic plans.
Strategic Decisions
High-level choices that are made by top management to steer an organization towards its long-term goals and objectives.
Performance Incentives
Rewards or bonuses given to employees based on their achievement of specific performance targets or objectives.
Decision Making
The cognitive process of selecting a course of action from among multiple alternatives, often involving considerations of risk, benefit, and the impact of the outcome.
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