Which of the Following Is a Key Difference Between Strategic

question 51

Multiple Choice

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

• A)Strategic decisions deal with the 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 broad organizational issues.
• D)Strategic decisions involve financial issues, whereas managerial decisions do not involve financial issues.

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Definitions:

Production Possibilities

The different combinations of goods and services that an economy can produce given its available resources and technology.

Fish

Aquatic animals that are typically covered with scales and have gills for breathing in water.

Coconuts

The large, brown, hard-shelled seeds of the coconut palm, known for their edible white flesh and water, and used in various culinary and non-culinary applications.

Produces

The act of creating or manufacturing goods and services to meet consumer demand.