A Company Needs Financial Objectives

question 30

Multiple Choice

A company needs financial objectives

• A)to overtake key competitors on such important measures as net profit margins and return on investment.
• B)because without adequate profitability and financial strength,the company's ultimate survival is jeopardized.
• C)to indicate to employees that financial objectives always take precedence over strategic objectives.
• D)to convince shareholders that top management is acting in their interests.
• E)to translate the company's business model into action items.

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Definitions:

Efficiently Utilize

To make the best possible use of resources or time in a way that minimizes waste and maximizes effectiveness.

Interpersonal Conflict

A situation where there is a disagreement or clash between individuals due to differing viewpoints, interests, or goals.

Interactive Approach

A method or practice that emphasizes two-way communication and active engagement between parties involved.

Communication Skills

The ability to convey or exchange information effectively through various means, including verbal, non-verbal, written, and visual.