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:

Outliers

Observations in a dataset that fall far outside the range of values of other observations, potentially skewing the results or analysis.

Central Tendency

A statistical measure that identifies a single value as representative of a data set, commonly the mean, median, or mode.

Statistic

A single measure, reported as a number, used to summarize a sample of data.

Central Tendency

A measure that identifies the center of a data set, or where the bulk of the values lie, including mean, median, and mode.