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Home Accounting Dictionary Letter D Decision Levels Definition
 
 

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Decision Levels Definition:

  • Strategies: establish objectives, plans and policies to guide long-term activities.
  • Tactics: plan and implement the strategies by acquiring and allocating resources.
  • Operations control: monitor and improve short-term activities, often by comparison of budget and actual results.
  • Transactions: execute routine activities, such as ordering, buying, selling, employing and paying.
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