COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the 3 types of decisions making model businesses use
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Tactical
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Strategic
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Operational
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Decision Tree
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Explanation:
Detailed explanation-1: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
Detailed explanation-2: -Strategic: Long-term, complex, made by senior managers. Tactical: Medium-term, less complex, made by mid-level managers. Operational: Day-to-day, simple, routine, made by junior managers.
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