Three Different Objectives Relate to a Firm's Profit, Which Is

question 110

Multiple Choice

Three different objectives relate to a firm's profit, which is often measured in terms of return on investment. One objective, known as _________, is common in many firms because the targets can be set and performance measured quickly.

• A)managing for long-run profits
• B)target return
• C)break-even strategy
• D)maximizing current profit
• E)minimizing risk

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Definitions:

Rapa Nui

An island in the southeastern Pacific Ocean, known for its monumental statues called moai, created by the early Rapa Nui people.

Abelam Culture

A society located in the East Sepik Province of Papua New Guinea, known for their elaborate yam festivals and impressive ceremonial houses called haus tambarans.

Yam Cultivation

The agricultural practice of growing yams, a type of tuber that is a staple food in many parts of the world, particularly in Africa and the Pacific.

Trobriand Islanders

The indigenous people of the Trobriand Islands, part of Papua New Guinea, known for their unique matrilineal society and Kula ring exchange system.