Which of the Following Statements About Profit Objectives Is True

question 303

Multiple Choice

Which of the following statements about profit objectives is true?

• A)Canadian firms have long been praised for their insistence on managing for long-run profits.
• B)Profit objectives are frequently measured in terms of return on investment or return on assets.
• C)Firms that are interested in strategic planning set their objectives to maximize current profit.
• D)A target return pricing objective would only be used by a company that needs to attract more customers to survive.

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Definitions:

Cash Paid for Wages

The amount of money disbursed by a company to its employees as compensation for labor.

Acquire Land

The action or process of obtaining ownership of land, often for business expansion, development, or investment purposes.

Cash Flow Statement

A financial statement detailing the inflows and outflows of cash and cash equivalents, showing how well a company manages its cash position.