Why Should Long-Run Objectives Take Precedence Over Short-Run Objectives

question 50

Multiple Choice

Why should long-run objectives take precedence over short-run objectives?

• A) Focus is placed on improving performance in the near-term.
• B) Long-run objectives are necessary for achieving long-term performance and block focus on short-term results and put the company in a position to perform better later.
• C) To satisfy shareholder expectations for progress.
• D) Forces the company to consider what to do now to perform better later.
• E) None of these.

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Definitions:

Earthworms

Invertebrate animals belonging to the class Oligochaeta, known for their role in aerating the soil and enhancing soil fertility through their digestion process.

Marine Annelids

Worm-like organisms that live in marine environments, part of the phylum Annelida, known for their segmented bodies.

Parapodia

Parapodia are paired, lateral extensions on each segment of some annelids, such as polychaetes, used for locomotion and sometimes respiration.

Bivalve

Type of mollusc with a shell composed of two valves; includes clams, oysters, and scallops.