Three different objectives relate to a firm's profit, which is often measured in terms of return on investment. One objective, known as _________, is common in many firms because the targets can be set and performance measured quickly.
A)managing for long-run profits
B)target return
C)break-even strategy
D)maximizing current profit
E)minimizing risk

Question

Quizplus · Accepted Answer

Maximizing current profit is a short-term objective that can be measured quickly, and is commonly pursued by most firms. It involves prioritizing current revenue and reducing expenses to increase profits in the short term.

Three Different Objectives Relate to a Firm's Profit, Which Is