Strategic decisions refer to
A) the allocation and utilization of resources.
B) broader-scope, organizational issues.
C) day-to-day activities.
D) transactions details.
E) an understood and accepted method for making decisions.

Question

Quizplus · Accepted Answer

Strategic decisions are those that are made at a higher level of an organization and involve broader-scope issues, such as the company's mission, vision, and long-term goals. They are not limited to day-to-day activities or transaction details but rather focus on the allocation and utilization of resources to achieve success. They are also typically guided by an understood and accepted method for decision-making.

Strategic Decisions Refer to