[amp_mcq option1=”strategic” option2=”structured” option3=”simulation” option4=”tactical E. None of the above” correct=”option4″]
The correct answer is: D. tactical
Tactical decisions are made by middle-level managers to allocate resources and establish controls. These decisions are typically short-term and focused on specific goals or objectives. For example, a middle-level manager might decide how many employees to hire for a new product launch or how much money to spend on marketing.
Strategic decisions are made by top-level managers and are focused on the long-term goals of the organization. These decisions are typically more complex and involve a wider range of factors. For example, a top-level manager might decide to enter a new market or acquire another company.
Structured decisions are made using a set of rules or procedures. These decisions are typically routine and can be made quickly and easily. For example, a decision about whether to approve a customer’s credit application is a structured decision.
Simulation decisions are made by using a computer model to simulate the outcome of different scenarios. These decisions are typically complex and involve a high degree of uncertainty. For example, a decision about whether to invest in a new product is a simulation decision.
None of the above is not a correct answer.