Tactical decisions define
a. the day-to-day activities of the organization.
b. the goals and plans of the organization.
c. the domain of operations managers, who are close to the customer.
d. the steps taken to achieve the goals and objectives.
d
RATIONALE: Tactical decisions concern how the organization should achieve the goals and objectives set by its strategy.
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The advantage of benchmarking against your own best employees as you hire new people is ______.
a. You can use you best as a template for hiring new people. b. You can learn what organizations in other industries are doing. c. It helps develop an employee compensation program. d. It aids in the design of your organization’s benchmarking system.
The financial statements of Mannassass Corporation for 2014 and 2015 contained the following errors: 2014 2015 Ending Inventory $14,000 overstated $20,000 understated Rent Expense $4,800 understated $6,600 overstated Assuming that none of the errors were detected or corrected, by what amount will 2014 operating income be overstated or understated?
a. $9,200 overstated b. $9,200 understated c. $18,800 understated d. $18,800 overstated
Certain persons cannot make contracts that will bind them
Indicate whether the statement is true or false
If there is an excess of expenses over revenues, the excess represents a profit.
Answer the following statement true (T) or false (F)