Which of the Following Statements About Company Objectives Is True

question 202

Multiple Choice

Which of the following statements about company objectives is true?

• A)Company objectives should be stated in vague terms to provide flexibility to lower-level managers.
• B)Company objectives should be set by top management with no input from marketing managers.
• C)A good mission statement can substitute for more specific company objectives.
• D)Company objectives should be compatible with each other.
• E)All these statements about company objectives are true.

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Definitions:

Irrational Decisions

Choices made contrary to or without consideration of the available evidence or logic.

Anchoring

A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") to make subsequent judgments.

Behavioral Economists

Researchers and experts who study the psychological, social, cognitive, and emotional factors influencing economic decisions and behaviors of individuals and institutions.

Recently Considered Information

Pertains to the latest data or findings that have been taken into account in a particular context or analysis.