A Target Return Profit Objective Implies That a Company Chooses

question 10

Multiple Choice

A target return profit objective implies that a company chooses to

• A)set targets whose performance can be measured quickly.
• B)give up immediate profit in exchange for achieving a higher market share in hopes of penetrating competitive markets.
• C)set a profit goal that is often determined by its board of directors.
• D)reduce investment in any further market or product research.
• E)set prices based on return on sales.

Identify the components of social and interpersonal skills in effective management.

Analyze the relationship between leadership traits/skills and management effectiveness.

Understand the significance of motive patterns (power, affiliation, achievement) in leadership roles.

Assess the impact of personality traits on leadership effectiveness and organizational performance.

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Definitions:

Assignment

The act of transferring to another all or part of one’s rights arising under a contract.

Privity

A relationship between parties that is sufficiently close to validate contracts or grant rights or obligations.

Indirectly Benefit

To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.

Incidental Beneficiary

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.