ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Daily
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12 months
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+10 years
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None of the above
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Detailed explanation-1: -Long-term decisions affecting the company as a whole belong to the highest management levels, while decisions affecting day-to-day operations fall to bottom management.
Detailed explanation-2: -Transaction processing systems (TPS) are the basic business systems that serve the operational level of the organization. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business.
Detailed explanation-3: -The strategic level production planning is concerned with decisions, which are having implications for the next five to ten years. These decisions are critical to the success and better performance of the organization.
Detailed explanation-4: -Input Data. Decision Logic. Output or action. 18-Nov-2022