The first step in determining managerial objectives is to:

Question

Quizplus · Accepted Answer

Serving the needs of the customer is the first step in determining managerial objectives, as ultimately a business's success relies on satisfying the customer's needs and wants. Developing appropriate compensation policies, eliminating agency problems, and selecting an appropriate capital structure are also important steps in achieving managerial objectives, but they come after prioritizing customer satisfaction.

The First Step in Determining Managerial Objectives Is To