Some managers, if asked what the main objective of their business is, may simply state, To survive!

Question:

Some managers, if asked what the main objective of their business is, may simply state, "To survive!" What do you think of this as a primary objective?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Management For Decision Makers

ISBN: 815

2nd Canadian Edition

Authors: Peter Atrill, Paul Hurley

See More Books

Question Posted: Apr 21, 2016 04:29 AM

See More Questions

What is the main objective of a share split?
What is the main objective of financial reporting?
What was the main objective of the discussion paper entitled "Louder than Words," published by the FRC in 2009?
Define price and name the various types of prices described in this chapter.
On November 1, 2010, Woods Company announced its plans to sell Division J (a component of the company). By December 31, 2010, Woods Company had not sold Division J and so it classifies the division...
Investigators have created structures consisting of linear chains of ionized atoms on a smooth surface. Electrons are restricted to travel along the chain. The energy levels of the electrons match...
8. What are the factors that can affect the success of a change?
Kawmin is a small country that produces and consumes jelly beans. The world price of jelly beans is $1 per bag, and Kawmins domestic demand and supply for jelly beans are governed by the following...
E11.24 (LO5) (Revaluation Accounting) Croatia Company purchased land in 2019 for $300,000. The land ' s fair value at the end of 2019 is $320,000; at the end of 2020, $280,000; and at the end of...
Lots Lumber Limited is a private company that operates in the forestry sector and owns timber lots. The company produces specialty lumber and sells to distributors and retailers. Currently, Lots uses...
Why is the maximization of wealth viewed as superior to profit maximization as a business objective?
Some businesses try to overcome the agency problem referred to in the chapter by using an incentive pay plan that is based on the growth of profits over a period. What are the drawbacks of this type...
In Exercises verify the tangent line approximation of the function at the given point. Then use a graphing utility to graph the function and its approximation in the same viewing window. Function...
A retail product has the following standard costs established: Direct Material per unit - 2 pounds at $5 a pound Direct Labor per unit - 3 hours at $12 an hour Manufacturing Overhead - $5 per labor...
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year...
A 1200-ft equal tangent crest vertical curve is currently designed for 50 mph. A civil engineering student contends that 60 mph is safe in a van because of the higher driver's eye height. If all...
Required information [The following information applies to the questions displayed below.] Victory Company uses weighted-average process costing to account for its production costs. Conversion cost...
Finer, % 100 90 80 70 60 50 40 30 20 10 0 0.01 0.1 1 Size, mm L 10 100 Figure shows a grain size distribution curve of soil. Estimate the coefficient of curvature (Cc) of this soil.
FRS Capital Advisors, a private equity firm, is considering purchasing Toms Auto, a private company. Toms EBITDA is $4.1 million, and FRS has collected information on two similar transactions....
You are maintaining a subsidiary ledger account for Police-Training Expenditures for 2013. The following columns are used: Inventory purchases are initially recorded as expenditures. Record the...
[ The following information applies to the questions displayed below ] Nauticat has two classes of stock authorized: $ 1 0 par preferred, and $ 1 par value common. As of the beginning of 2 0 2 1 , 1...
Selling is not the most important part of marketing. Explain why not
When direct materials are issued from the storeroom, are any entries made in the subsidiary records? Question 2 options: Increase raw material item record Decrease raw material item record No entry...

Some managers, if asked what the main objective of their business is, may simply state, To survive!

Question:

Step by Step Answer:

Survival may be viewed as a necessary objective for the exis...View the full answer

Financial Management For Decision Makers

Students also viewed these Finance questions