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

question 207

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 ________,occurs when a firm sets a profit goal,usually determined by its board of directors.

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

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