strategic
structured
simulation
tactical E. None of the above
Answer is Right!
Answer is Wrong!
The correct answer is: A. strategic
Top-level managers are responsible for strategic plans and decisions. Strategic plans are long-term plans that outline the goals and objectives of an organization. They are typically developed by the top management team and are based on an analysis of the organization’s internal and external environment. Strategic decisions are the decisions that are made to implement the strategic plan. They are typically made by the top management team and have a significant impact on the organization’s long-term success.
Option B, structured plans, are plans that are developed using a systematic approach. They are typically used for routine tasks and activities. Option C, simulation
plans, are plans that are developed using computer simulations. They are typically used to test the feasibility of new ideas or to evaluate the impact of changes in the environment. Option D, tactical plans, are plans that are developed to achieve short-term goals. They are typically made by middle management and have a less significant impact on the organization’s long-term success. Option E, none of the above, is incorrect because top-level managers are responsible for strategic plans and decisions.