A company needs financial objectives to
A) spur company personnel to help the company overtake key competitors on such important measures as net profit margins and return on investment.
B) communicate management's targets for financial performance and achieve strategic objectives.
C) indicate to employees whether the emphasis should be on earnings per share, return on investment, return on assets, or positive cash flow.
D) convince shareholders that top management is acting in their interests.
E) counterbalance its pursuit of strategic objectives and have a balanced scorecard for judging the caliber of its overall performance.
Correct Answer:
Verified
Q42: Strategic objectives
A)are more essential in achieving a
Q43: Managers can deliberately set challenging performance targets
Q44: The task of stitching together a strategy
A)entails
Q45: The faster a company's business environment is
Q46: Setting stretch objectives does not provide an
Q48: A "balanced scorecard" that includes both strategic
Q49: For most modern, highly diversified, global corporations,
Q50: A superior example of a well-stated strategic
Q51: Adopting a set of "stretch" financial and
Q52: A "balanced scorecard" for measuring company performance
A)entails
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