Which of the following is essential for management before it decides whether the business is succeeding or failing?
A) Accounts receivable.
B) A set of objectives.
C) A large organisation.
D) More current assets than non-current assets.

Question

Quizplus · Accepted Answer

A set of objectives is essential for management to determine whether the business is succeeding or failing because it provides a benchmark against which performance can be measured. Accounts receivable, a large organization, and the ratio of current assets to non-current assets are all important factors, but they are not sufficient on their own to determine overall success or failure.

Which of the Following Is Essential for Management Before It