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:

Spouses

Individuals legally married to each other.

External Locus of Control

A psychological concept where individuals believe that their successes or failures result from external factors beyond their control.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles. This involves considering how actions affect stakeholders and the wider community.

Internal Locus

A psychological perspective where individuals believe they have control over the events in their lives.