Strategic decisions are those decisions that are:
A)Important,commit resources,and are irreversible
B)Long term
C)Are confined to the senior executives of an organization
D)Concerned with establishing competitive advantage

Question

Quizplus · Accepted Answer

Strategic decisions are important because they have a significant impact on the organization's future. They require the commitment of resources because they involve significant investments of time, money, and effort. They are also irreversible because they set a direction for the organization that may be difficult to change. Therefore, A is the best choice as it includes all the characteristics of strategic decisions. B and D may be true but don't cover all the aspects of strategic decisions. Option C is not correct as strategic decisions are not confined to senior executives only.

Strategic Decisions Are Those Decisions That Are