Which of the Following Management Responsibilities Determines If Organizational Goals

question 15

Multiple Choice

Which of the following management responsibilities determines if organizational goals are being achieved?

• A)motivating employees
• B)formulating business strategy
• C)measuring firm performance
• D)making profit year after year

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Definitions:

Current Strategy

The ongoing plan of action implemented by a company to achieve its business objectives and respond to market conditions.

Financial Objective

A specific, measurable goal related to the financial performance or position of a company, such as revenue growth, cost reduction, or achieving a certain return on investment.

Reduce Overall Sales Costs

A strategic objective aimed at lowering the total expenses associated with the selling of products or services, enhancing profitability.

Increase Sales Volume

Strategies or actions taken to boost the quantity of products or services sold, often aiming to enhance revenue and market presence.