Three different objectives relate to a firm's profit, which is oftenmeasured in terms ofreturn on investment. One objective, known aswhen a firm sets aOCcursprofit goal, usually determined by its board of directors.Select one:O a. managing for long-run profitsO b. minimizing riskOc. target returnO d. break-even strategyO e. maximizing current profit

The profit of the organization which is set by the board of directors is known as target return. It…

Three different objectives relate to a firm's profit, which is often measured in terms of return on investment. One objective, known as OCcurs when a firm sets a profit goal, usually determined by its board of directors. Select one: O a. managing for long-run profits O b. minimizing risk O c. target return O d. break-even strategy O e. maximizing current profit

Three different objectives relate to a firm's profit, which is often measured in terms of return on investment. One objective, known as OCcurs when a firm sets a profit goal, usually determined by its board of directors. Select one: O a. managing for long-run profits O b. minimizing risk O c. target return O d. break-even strategy O e. maximizing current profit

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.

Question

Three different objectives relate to a firm's profit, which is often
measured in terms of
return on investment. One objective, known as
when a firm sets a
OCcurs
profit goal, usually determined by its board of directors.
Select one:
O a. managing for long-run profits
O b. minimizing risk
Oc. target return
O d. break-even strategy
O e. maximizing current profit

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