When Establishing Criteria to Measure the Success of a Business,managers

question 128

Multiple Choice

When establishing criteria to measure the success of a business,managers should:

• A)focus most of their attention on measures of employee satisfaction,since without good employees the firm will not be competitive.
• B)focus primarily on financial measures,but pay some attention to nonfinancial concerns.
• C)recognize that,while financial measures are important and should be considered,the purpose of the firm is to satisfy both internal and external customers.
• D)limit their attention to financial measures such as profit and return on investment since these are the only objective and quantifiable measures available.

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Definitions:

Bad News

Unpleasant or disappointing information that needs to be communicated, similar to negative messages but often more significant in impact.

Emphasize

To give special importance or prominence to something in speaking or writing.

Compound Sentence

A sentence type that combines two or more independent clauses, usually with conjunctions, to express complex relationships.

Indirect Method

A financial reporting approach where cash flows from operating activities are derived indirectly by adjusting net income for non-cash transactions.