Which of the Following Is a Key Difference Between Strategic

question 63

Multiple Choice

Which of the following is a key difference between strategic decisions and managerial decisions?

• A)Strategic decisions deal with the allocation and utilization of resources, whereas managerial decisions deal with day-to-day activities.
• B)Managerial decisions concern organizational issues, whereas strategic decisions concern external issues.
• C)Managerial decisions concern allocation and utilization of resources, whereas strategic decisions concern organizational issues.
• D)Strategic decisions involve financial issues, whereas managerial decisions do not involve financial issues.

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Definitions:

Operating Assets

Assets used in the daily operations of a business to generate income, including equipment, machinery, and buildings.

Sales

The total revenue a company generates from selling goods or services over a specific period of time.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or the business cycle, whichever is longer.

Fixed Assets

Long-term tangible assets used in the operation of a business and not expected to be converted into cash within a year.