Which of the following is not a valid means of evaluating firm performance? Comp

Question

Which of the following is not a valid means of evaluating firm performance? Compare current results with those in preceding quarters. O Make a qualitative judgment about changes in service quality. O Utilize return on assets (ROA All of the above are valid means. QUESTION 32 Which of the following is not an example of a crisis event? fire of natural cause fire of suspicious cause fire of unknown cause All of the above are crisis events QUESTION 33 Which of the following is not true about market share? Some fims seek a high market share. O Some firms seek a low market share. Increases in market share can enhance firm profitability. Increases in market share limit the expansion of scale economies. QUESTION 34 Without strategic control, there are no clear benchmarks and ultimately no reliable measurements of how the company is doing. O True False QUESTION 35 Worst-case scenarios should be d before the crisis. during the crisis. after the crisis. None of the above.

Explanation / Answer

31) All the above are valid means

                Comparing quarterly results to previous one helps to see how much increase/decrease happened on Q to Q

                Similarly qualitatively judging service quality, which might decide the increase or decrease in revenue

                Utilize the ROA , they could evaluate how good the firm uses their assets to improve earnings.

32) All of the above are Crisis events.

                What so ever be the reason, a fire would cause considerable damage and would always be a crisis situation.

33) The answer is 'Increase in Market share limit the expansion of Scale economies'

                Because, when market share increases, it means you have more demand and more production requirements. When you produce more, you can achieve the economies of scale.

34) It is absolutely TRUE.

                Without strategic control, your firm cannot be measured on its output and performance.

35) Answer is 'Before the crisis'.

A scenario to react in crisis, should be prepared at the beginning and thus will help when a crisis happens.

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