Perhaps the Most Reliable Way for a Company to Improve

question 41

Multiple Choice

Perhaps the most reliable way for a company to improve its financial performance over time is to

• A)put 100 percent emphasis on the achievement of its short-term and long-term financial objectives.
• B)recognize that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance.
• C)substitute financial intent for strategic intent and judiciously concentrate on the mission of making a profit.
• D)not allocate any resources to the achievement of strategic objectives until it is very clear that the company can meet or beat its stretch financial performance targets.
• E)avoid use of the balanced-scorecard philosophy since achievement of financial performance targets is obviously more important than the achievement of strategic performance targets.

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Definitions:

Automatic Processing

Cognitive operations that occur without conscious awareness or intention, typically fast and efficient, often as a result of learning or repetition.

Internal Factors

Elements or influences originating within an individual or organization, affecting behavior, decisions, or performance.

Low Grade

A rating or score that indicates an item or performance is below average or expectations.

Difficult Period

A challenging or hard time in one’s life characterized by stress, hardship, or emotional turmoil.