a) Business objectives are basic tools that underlie all planning and strategic activities. Required: Enumerate four main objectives of businesses. b) Briefly explain three financial decisions?
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(a) Business objectives are basic tools that underlie all planning and strategic activities.
Required:
Enumerate four main objectives of businesses.
b) Briefly explain three financial decisions?
Step by step
Solved in 3 steps
- 1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…The following are the benefits of financial module except: Select one: a. Automate financial and managerial accounting and financial supply chain management b. Provide rigorous support for financial reporting and such corporate governance mandates c. Gain deeper financial insight across the enterprise and tighten control of finances d. Ensure compliance and predictability of business vision.‘Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage... If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting’ (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: b)The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional performance measures. * please help me to answer this question in details, thanks
- The strategic management process is: a. A decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. b. The full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. c. A process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. A set of activities that will assure a temporary advantage and average returns forthe firm.The ________ management level performs ________ planning to determine the major goals of the organization. Select one: a. Lower, operational b. Middle, intermediate c. Top, strategicDistinguish between different business-level strategies that SPAR can use to 10 achieve its strategic goals
- Ma4. JE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) A company's business section of the annual report provides vital information about the company's products, its marketing and promotion, sales and distribution strategies, product design and development, manufacturing and quality assurance, and inventory management. 1._______________ 2) Learning about what's happening in the industry, markets, general economic conditions, trends in product development, and specific company strategies puts a company's numbers in context and helps you understand why they turned out as they did. 2._________________ 3) Accounting data should paint a picture of the results of implementing a particular business strategy by a company. 3._______________(1) The marketing plan is the most significant component of the business plan since the entrepreneur cannot determine the firm's feasibility without completing market research. True or False? (2) Sales forecasting can be done even without doing a market survey. True or False? (3) The most important part of a business model canvas is the cost structure. True or False? (4) Discounts and freebies are some of the ways a firm can establish a positive relationship with its clients. True or False?The Deferred Revenue account is shown in which statement? Multiple Choice 1.Balance sheet 2. Statement of stockholders' equity 3.Income statement 4.Statement of cash flows Don't use chatgpt,I will 5 upvotes
- This strategy evaluation and control technique contains a carefully chosen combination of strategic and financial objectives tailored to the company’s business. Its overall aim is to balance shareholders’ objectives with customer and operational objectives. a. SWOT Analysis b. Balanced Scorecard c. Quantitative Strategic Planning Matrix d. Internal-External (IE) MatrixWhich of the following statement is aSMART goal? Increase employees in two years. Increasesales for Product B by 10% in 2023. Reduce production cost by 5%. Increase sales by advertising andpromotion next year.Which of the following best defines Strategy? A)Values B)Product mix C)Guiding Principle that estabishes the direction of the firm D)Customer Value Proposition