ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Major decisions
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Operating decisions
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Routine decisions
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Strategic decisions
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Detailed explanation-1: -Operating decisions are the decisions necessary to put the policy decisions into action. These decisions help implement the plans and policies taken by the high-level managers. Such decisions are usually taken by middle and lower management.
Detailed explanation-2: -True policy decisions will usually be dictated by financial, economic, social and political factors or constraints. The operational area is concerned with the practical implementation of the formulated policies; it mainly covers the performance or carrying out of a policy.
Detailed explanation-3: -Don’t let stress get the better of you. Give yourself some time (if possible). Weigh the pros and cons. Think about your goals and values. Consider all the possibilities. Talk it out. Keep a diary. Plan how you’ll tell others. More items
Detailed explanation-4: -Directive decision-makers. Analytic decision-makers. Conceptual decision-makers. Behavioral decision-makers. 09-Nov-2022
Detailed explanation-5: -strategic. tactical. operational.