One of the Short-Term Objectives of Alport Corporation,a Manufacturer of Construction

question 43

Multiple Choice

One of the short-term objectives of Alport Corporation,a manufacturer of construction equipment,is "to achieve a 15 percent return on investment (ROI) by September 2018." According to Drucker,this objective relates to ________.

• A)innovation
• B)productivity
• C)market standing
• D)managerial performance
• E)profitability

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.

Pre-tax Net Annual Savings

The amount of money saved annually before taxes, often resulting from implementing cost-saving measures or efficiency improvements.

Bank Loan

A sum of money lent at interest by a bank to a borrower, usually on collateral security, for a certain period.

Collection Float

The time period between when a check is deposited and when the funds are made available.