Maximizing Current Profit Objective Implies That a Company Chooses to

question 81

Multiple Choice

maximizing current profit objective implies that a company chooses to

• A) set targets whose performance can be measured quickly.
• B) give up immediate profit in exchange for achieving a higher market share in hopes of penetrating competitive markets.
• C) set a profit goal that is often determined by its board of directors.
• D) reduce investment in any further market or product research.
• E) set prices based on return on sales.

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Definitions:

Performance-contingent Basis

A system or approach where rewards, such as bonuses or promotions, are given based on the achievement of specific performance targets or outcomes.

Employee Needs

The requirements or desires of workers, including physiological, safety, social, esteem, and self-actualization needs, that influence motivation and job satisfaction.

Instrumentality

The perception that a particular level of performance will result in the attainment of desired outcomes or rewards.

Work-related Outcomes

Consequences or results that arise in a professional environment, impacting employee performance, satisfaction, or company achievements.