Classify the following decisions as being characteristic of strategic planning, tactical planning, managerial control, or operational control.
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Classify the following decisions as being characteristic of strategic planning, tactical planning, managerial control, or operational control.
- Determining the mix of products to manufacture this year
- Examining whether the number of defective goods manufactured is within a certain range
- Expanding a product line overseas
- Determining the best distribution route
- Examining whether the cost of raw materials is within a certain range
- Examining whether personnel development cost is rising
- Employing more automated manufacturing this year
- Examining whether the amount of scrap material is acceptable
- Building a new plant facility
- Examining whether employees’ attitudes are improving
- Examining whether production levels are within a predicted range
- Making purchasing arrangements with a new supplier
- Increasing production capabilities this year by purchasing a more efficient piece of machinery
- Closing a plant
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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