What Is Meant by the Term "Stretch Objectives"? Is It

question 43

Essay

What is meant by the term "stretch objectives"? Is it important that companies establish stretch objectives? Why or why not?

---

Definitions:

Compounded Semi-Annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year.

9 Years

A period of time equivalent to nine cycles of 365 (or 366 in leap years) days, commonly used in reference to durations or time frames in various contexts.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of those involved.

Compounded Annually

Interest that is calculated once a year and added to the principal, which then earns interest the following year.