Which of the Following Is a Difference Between Strategic-Level and Operational-Level

question 11

Multiple Choice

Which of the following is a difference between strategic-level and operational-level decision making?

• A)Strategic-level decisions involve regular interactions with customers, unlike operational-level decision making.
• B)Unlike operational-level decision making, strategic-level decision making mostly deals with routine transactions.
• C)Unlike operational-level decisions, strategic-level decisions follow predetermined policies and procedures and are programmed in nature.
• D)The business intelligence needed to make decisions is less structured at the strategic level than at the operational level.

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Definitions:

Equilibrium Quantity

The supply of goods or services equals the demand for them at the price where the market is in equilibrium.

Replacement Costs

The cost to replace an asset of a company at the present time, according to its current worth.

Gasoline Prices

The cost per unit of gasoline, influenced by factors such as crude oil prices, taxes, and supply and demand dynamics.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.