ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sack the entire Marketing department
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Refill water fountain in the staff room
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Introduce a new line of products
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None of the above
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Detailed explanation-1: -These include scheduling employees or equipment use, what products to purchase from suppliers, executing a billing calculation for a patient, and determining how much inventory to keep are only some of the examples of operational decisions.
Detailed explanation-2: -Operational decisions are short-term choices that are typically made on a weekly, daily, or hourly basis. They are primarily concerned with operational details, daily resource allocation, inventory control, and delivery routing to maximise product flow along biomass-based production chains.
Detailed explanation-3: -A business decision, sometimes called an operational decision, is any choice made by a business professional that determines short-term or long-term company activities.