Managers Should Make Operational Decisions

question 267

Multiple Choice

Managers should make operational decisions

• A)within the guidelines set down during strategy planning.
• B)with great care,as these decisions are the same as strategic decisions.
• C)for the long-run,to help formulate strategic plans.
• D)while keeping in mind that these decisions should always lead to changes in the basic strategy.
• E)on a month-to-month basis,never daily or weekly.

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Definitions:

Independent Variable

In experimental research, the variable that is manipulated by the researcher to observe its effect on the dependent variable.

Analogue Experiments

Experiments that simulate real-life situations in a controlled environment to study the effects of variables on behavior in a laboratory setting.

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, and time periods beyond the original conditions of the study.

Independent Variable

In research and experimentation, it is the variable that is manipulated or changed to observe its effect on a dependent variable.