BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Middle tier objectives to facilitate the planning and control of individual functions within the organisation
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Day-to-day performance targets related to the organisations operations
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A clear vision of the organisation’s reason for existing
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Long term objectives for the organization as a whole
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Detailed explanation-1: -Long-term objectives usually include specific improvements in the organization’s competitive position, technology leadership, profitability, return on investment, employee relations and productivity, and corporate image.
Detailed explanation-2: -Strategic objectives are purpose statements that help create an overall vision and set goals and measurable steps for an organization to help achieve the desired outcome. A strategic objective is most effective when it is quantifiable either by statistical results or observable data.
Detailed explanation-3: -A long-term strategy is a comprehensive plan for a business that defines goals for the future. During this process, you’re setting and completing goals to achieve an overarching goal for the company.