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What Is the Basic Business System That Serves the Operational

question 171

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What is the basic business system that serves the operational level and assists in making structured decisions?


Definitions:

Managerial Success

Achieving organizational goals effectively and efficiently through planning, organizing, leading, and controlling resources.

Communication Process

The method by which information is transferred and understood between two or more parties, involving elements like sender, message, medium, receiver, and feedback.

Joint Decisions

The outcome of a decision-making process that involves collaboration or agreement between two or more parties or stakeholders.

Management By Objectives

A management strategy where goals are defined clearly for each employee, and performance is evaluated based on the achievement of these goals.

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