Unit 3 - 1.1 Different types of business decision

Fill in the blank. Strategic Decisions are decisions made by top-management that affect the ________ direction of a business

• Short-Term

• Medium-Term

• Long-Term

What decisions are made by middle management that aim to meet strategic objectives?

• Strategic

• Tactical

• Operational

True or False. Operational Decisions are day-to-day decisions made by staff at all levels that help the business to run smoothly.

• True

• False

What are decisions that involve business-wide, complex, and multi-dimensional choices of identity and direction?

• Strategic

• Tactical

• Operational

What decisions may involve significant resources but within clearer boundaries?

• Strategic

• Tactical

• Operational

What decisions ask these questions: how many? to what specification?

• Strategic

• Tactical

• Operational

A decision to relocate headquarters would be what type of decision?

• Strategic

• Tactical

• Operational

What decisions are usually routine and follow known rules?

• Strategic

• Tactical

• Operational

What decisions involve how to manage performance to achieve strategy?

• Strategic

• Tactical

• Operational

How much stock to order would be an example of what type of decision?

• Strategic

• Tactical

• Operational