Which of the Following Is the Best Example of a Well-Stated

question 48

Multiple Choice

Which of the following is the best example of a well-stated strategic objective?

• A) Increase revenues by more than the industry average.
• B) Be among the top five companies in the industry in customer service.
• C) Overtake key competitors on product performance or quality within three years.
• D) Improve manufacturing performance by 5 percent within 12 months.
• E) Obtain 150 new customers during the current fiscal year.

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Definitions:

Bond Sinking Fund

A fund set aside by a debtor to repay a bond or loan at its maturity, contributing to financial stability.

Future Maturity

A term referring to the date on which an investment or payment becomes due for settlement.

Redeem

The act of paying off or buying back securities or debts, typically at maturity or before, often for a specified price.

Initial Deposit

The first sum of money placed into an account, often marking the account's opening and establishing an initial balance.