Perhaps the Most Reliable Way for a Company to Improve

question 41

Multiple Choice

Perhaps the most reliable way for a company to improve its financial performance over time is to

• A)put 100 percent emphasis on the achievement of its short-term and long-term financial objectives.
• B)recognize that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance.
• C)substitute financial intent for strategic intent and judiciously concentrate on the mission of making a profit.
• D)not allocate any resources to the achievement of strategic objectives until it is very clear that the company can meet or beat its stretch financial performance targets.
• E)avoid use of the balanced-scorecard philosophy since achievement of financial performance targets is obviously more important than the achievement of strategic performance targets.

Differentiate between individual and group incentive systems and their effectiveness.

Understand the importance of security measures and awareness in protecting organizational information.

Analyze the relationship between employee performance feedback and organizational performance.

Identify alternative approaches to job specialization and their effects on employee satisfaction and performance.

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Definitions:

Equal Payments

Regular payments of the same amount, typically used in loan repayment or installment plans.

Equal Intervals

Regular, consistent spaces or periods of time between events or items.

Adjusting Entries

Bookkeeping records completed at the conclusion of a financial period to apportion revenues and expenses to the timeframe in which they truly happened.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including income statement, balance sheet, and cash flow statement.