Managers Should Make Operational Decisions

question 54

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) keeping in mind that these decisions should always lead to changes in the basic strategy.
• E) on a month-to-month basis and never daily or weekly.

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Definitions:

Visual Appeal

Visual appeal pertains to the aesthetic attractiveness or pleasing appearance of an object, person, or scenery to the observer's eye.

Energy Prices

The cost associated with procuring energy, influenced by factors like supply and demand, geopolitical stability, and production costs.

Energy Efficiency

The goal of using less energy to provide the same level of energy service, such as lighting, heating, or cooling.

Economic Growth

An increase in the production of goods and services in an economy over a period of time.