Company Objectives

question 55

Multiple Choice

Company objectives

• A)are needed only on a companywide basis related to a company's short-term and long-term profitability.
• B)need to be broken down into performance targets for each of its separate businesses,product lines,functional departments,and individual work units.
• C)play the important role of establishing the direction in which the company needs to be headed.
• D)are important because they help guide managers in deciding what the company's strategy map should look like.
• E)should be set in a manner that does not conflict with the performance targets of lower-level organizational units.

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Definitions:

Anticipatory Repudiation

Occurs when one party to a contract communicates their intention not to fulfill their obligations under the contract before they are due.

Compensatory Damages

Money awarded to a plaintiff to reimburse for loss, injury, or harm suffered as a result of another's breach of duty or negligence.

Liquidated Damages

A clause in a contract that determines a fixed amount of compensation owed if one party fails to fulfill the contract's terms.

Anticipatory Repudiation

A breach of contract occurring when one party unilaterally declares they will not fulfill their contractual obligations before they are due to perform.