Final answer:
Managerial decisions often encompass long-term planning, structured and routine decision-making, and the need for ad hoc solutions when unexpected issues arise. These characteristics are key for predicting and planning for managerial behavior.
Step-by-step explanation:
Selecting three characteristics of managerial decisions, one could consider the following:
- Long term yearly, and multi-year time frames: Managerial decisions often involve intertemporal decision making, which includes planning and actions that have effects over a period of time. This can involve things like investment or savings decisions that span years or even decades.
- Structured, recurring, repetitive decision types: Many decisions in management happen on a regular basis and can be standardized. These structured decisions are often procedural and can be planned for in advance.
- Semistructured, ad hoc reporting decision types: Occasionally, managers must make decisions based on new, unexpected information. These semistructured decisions often require a combination of standard procedure and new, sometimes creative solutions.
Understanding these characteristics can greatly aid in predicting managerial behavior and planning for the future within an organization.