When the finance department aims for a 3 percent increase in return on investment in three years,it is generally classified as a(n)________.
A) long-term goal
B) tactic
C) personnel decision
D) intermediate goal

Question

Quizplus · Accepted Answer

An intermediate goal is a specific and measurable target that a department sets to reach within a specified period (typically between one and five years). A 3 percent increase in ROI over three years is a quantifiable and time-bound objective, making it an intermediate goal. Long-term goals are overarching aims that typically take longer than five years to achieve. Tactics refer to the specific steps taken to achieve a goal or objective, and personnel decisions pertain to staffing and management choices.

When the Finance Department Aims for a 3 Percent Increase