Arnold Company's Return on Sales for the Most Recent Year

question 97

Multiple Choice

Arnold Company's return on sales for the most recent year was 6%. Arnold Company would like to achieve a return on sales of 8% to match those of the current industry leader. This comparison is an example of:

• A)intercompany analysis.
• B)benchmarking.
• C)analytical goal setting.
• D)detail analysis.

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Definitions:

Senior Management

The highest level of management in an organization, responsible for the overall direction and success of the company.

Initiation Of Change

The process of starting to implement actions that will alter the status quo within an organization or system.

Top-Down Change

Organizational change initiatives that are initiated by upper management and imposed on lower levels of the organization, often requiring compliance.

Organizational Structure

Describes how activities such as task allocation, coordination, and supervision are directed towards the achievement of organizational aims.