A Company Needs Performance Targets or Objectives

question 69

Multiple Choice

A company needs performance targets or objectives

• A)to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.
• B)because they give the company clear-cut strategic intent.
• C)in order to unify the company's strategic vision and business model.
• D)for its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units.
• E)in order to prevent lower-level organizational units from establishing their own objectives.

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Definitions:

Nolo Plea

A legal plea where the defendant neither admits nor disputes a charge, allowing for a conviction without an admission of guilt.

Consent Decree

A legal agreement that resolves a dispute between two parties without admission of guilt, but with the court still retaining enforcement power.

Sherman Act

A foundational antitrust law in the United States aimed at prohibiting monopolistic business practices and ensuring competition.

United States v. Colgate & Co.

A landmark 1919 U.S. Supreme Court case that established the Colgate doctrine, allowing manufacturers to set their product prices provided they do not use coercive methods.