The process of planning,setting goals and priorities,arranging financing,and using certain criteria to select long-term assets is called tactical decision making.

Question

Quizplus · Accepted Answer

The process described in the statement is actually strategic decision making, not tactical decision making. Tactical decision making involves making more short-term decisions regarding how to achieve specific goals or objectives.

The Process of Planning,setting Goals and Priorities,arranging Financing,and Using Certain