In 750-1,000 words, do the following: Define and explain the four elements in the operational definition of a managerial decision

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In 750-1,000 words, do the following:

1. Define and explain the four elements in the operational definition of a managerial decision.
2. Address each element independently and provide a scenario where these elements may be altered by different factual circumstances.

Be sure to cite three to five relevant scholarly sources in support of your content. Use only sources found at the GCU Library, government websites, or those provided in Resources.