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:

Initial Velocity

Initial velocity is the velocity of an object at the start of its motion, often considered in the study of mechanics within physics.

Model Equation

A mathematical representation that shows the relationships between different variables.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.