Question

What are the types of decisions that are yet to be made by the top management?

1) Strategic decisions
2) Tactical decisions
3) Operational decisions
4) All of the above

Answer 1

The types of decisions that are yet to be made by top management include strategic decisions, tactical decisions, and operational decisions. Option 4 is correct.

Step-by-step explanation:

The types of decisions that are yet to be made by top management include:

1. Strategic decisions: These decisions involve long-term planning and goal-setting to determine the overall direction of the company. Examples include entering new markets or investing in new technologies.
2. Tactical decisions: These decisions involve medium-term implementation plans to achieve the strategic goals set by the top management. Examples include budget allocation and resource allocation.
3. Operational decisions: These decisions involve day-to-day activities to ensure smooth operations. Examples include production scheduling and inventory management.

Therefore, the correct answer is 4) All of the above.