The First Key to Strong Financial Performance Is

question 63

Multiple Choice

The first key to strong financial performance is:

• A) Cost control
• B) Customer satisfaction
• C) Proper allocation of manufacturing overhead
• D) Strategic planning

---

Definitions:

Force Majeure Clause

A contractual provision that relieves the parties from fulfilling their obligations when certain circumstances beyond their control occur, making performance inadvisable, commercially impracticable, illegal, or impossible.

Unforeseeable Occurrence

An event that cannot be predicted and is beyond the control of the parties involved, oftentimes relieving them from contractual obligations due to impossibility.

Regional Legislatures

Government bodies responsible for making laws within specific geographical areas smaller than the national level, such as states or provinces.

Trade Barriers

Measures implemented by countries to regulate or restrict international trade, such as tariffs and quotas.