Managers Today Realise That Long-Term Success Is Largely Achieved by _________

question 38

Multiple Choice

Managers today realise that long-term success is largely achieved by _________.

• A)focusing on goals
• B)satisfying the customer
• C)focusing on costs
• D)hiring highly educated managers

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Definitions:

Investment

The allocation of resources, such as capital or time, with the expectation of generating a future return.

Present Value

The current value of a future amount of money, calculated using a specific interest rate to account for the time value of money.

Annual Cash Operating Costs

Refers to the total amount of cash expenditures that a business incurs within one year to maintain its operations excluding non-cash expenses.

New Bus

A recently manufactured bus, not previously used or owned, often equipped with the latest features and technology.