Business Management - Study Mode

[#486] The decision which is implemented within the concerned department is known as ___________.
Correct Answer

(B) departmental decision

Explanation

Solution: The decision which is implemented within the concerned department is known as departmental decision. Departmental Decision' is taken by the managers of the respective departments. And, the decisions that cover the activities of the enterprise as a whole and are taken by the top-level executives are known as 'Enterprise Decisions'.

[#487] Strategic planning is done at
Correct Answer

(A) high levels of management

Explanation

Solution: Strategic planning is done at high levels of management. Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals.

[#488] Decision taken by committee formed by the top management for specific purpose is ________.
Correct Answer

(A) group decision

Explanation

Solution: Decision taken by committee formed by the top management for specific purpose is group decision. Group decision-making commonly known as collaborative decision-making is a situation faced when individuals collectively make a choice from the alternatives before them.

[#489] Operational planning is done at
Correct Answer

(B) lower level of management

Explanation

Solution: Operational planning is done at lower level of management. Operational planning (OP) is the process of planning strategic goals and objectives to tactical goals and objectives. They link the strategic plan with the activities the organization will deliver and the resources required to deliver them.

[#490] Crisis decision is also known as ________.
Correct Answer

(D) spot decision

Explanation

Solution: Crisis decision is also known as spot decision. Crisis decision-making (CDM) is challenging and prone to failure. Most CDM schemes are strong at certain aspects of the overall CDM process, but almost none are strong at all of them.