Which of the Following Is a Characteristic of Decisions Made

question 93

Multiple Choice

Which of the following is a characteristic of decisions made at an organization's strategic level?

• A)They involve predetermined policies and procedures that spell out how to handle different situations.
• B)They are mostly concerned with routine transactions directly involving customers.
• C)They make use of business intelligence to address issues such as product development and marketing plans.
• D)They have widespread effects which impact suppliers, customers, and the whole industry.

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Definitions:

Productive Capacity

The maximum output that an economy can produce without increasing inflation, driven by available resources and technology.

Specialization

The focus of a business, region, or individual on producing a limited range of goods or services to gain greater efficiency and productivity.

Eighteenth-Century

A period in history ranging from the year 1701 to 1800, characterized by significant developments in politics, philosophy, science, and arts.

Pin Factory

A classic example used by Adam Smith to describe the benefits of specialization and division of labor.