Operating decisions are undertaken to:
A) optimise the use of resources available to the firm in the long term.
B) compare actual versus predetermined performance.
C) result in profits in the long term.
D) identify efficient use of scarce resources in the short term.

Question

Quizplus · Accepted Answer

Operating decisions are focused on managing the day-to-day operations of the firm and identifying the most efficient use of available resources in the short term. While generating profits in the long term is a goal of the firm, operating decisions are not typically focused on long-term planning. Option A refers to strategic decisions, while option B is more related to performance analysis and monitoring.

Operating Decisions Are Undertaken To