Final Answer:
Three characteristics of managerial decisions include semistructured, ad hoc reporting decision types; short term, daily, monthly, and yearly time frames; and long term yearly, and multi-year time frames.
Step-by-step explanation:
Managerial decisions encompass a variety of scenarios. Semistructured, ad hoc reporting decisions are characterized by a mix of routine and non-routine elements, requiring some structured processes and some flexibility. Regarding time frames, managerial decisions span short-term (daily, monthly, and yearly) as well as long-term (yearly and multi-year) durations. Short-term decisions are often operational and tactical, while long-term decisions involve strategic planning and goal-setting. These characteristics highlight the diverse nature of managerial decisions, requiring flexibility, adaptability, and an understanding of both short-term and long-term organizational goals.