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.

---

Definitions:

Risk of Loss

The responsibility for damage or financial burden that may arise from the destruction, damage, or loss of goods.

Fraud in the Inducement

A legal term referring to a deceptive act used to convince someone to enter into a contract, which significantly impacts the victim's decision to agree.

False Representation

The act of providing untrue, misleading, or deceptive information with the intent to defraud others.

Material Fact

A fact that is significant or essential to the issue or matter at hand, which could influence a decision.