The Industry Leader
Frank, the new Managing Director for Cooper-Smith Real Estate, is working hard to turn around the formerly successful real estate business.His goal is to once again make Cooper-Smith a leader in the industry.Frank is currently at a meeting with senior staff and is informing them about measuring the company's performance.
-Refer to The Industry Leader (Scenario).In order to clarify the importance of measuring organisational performance, Frank stated that ________ management is the process of acquiring, managing, renewing and disposing of assets as needed.
A)liability
B)capital
C)asset
D)sales
E)debt

Question

Quizplus · Accepted Answer

Frank's statement describes asset management, which involves managing the company's assets such as property, investments, and resources in the most efficient and cost-effective way possible. It is important for Cooper-Smith to measure their performance in this area in order to make the necessary improvements and ensure long-term success. Choices A, B, D, and E are not relevant to the statement or the scenario.

The Industry Leader Frank, the New Managing Director for Cooper-Smith Real Estate, Is