Why should long-run objectives take precedence over short-run objectives? Multip

Question

Why should long-run objectives take precedence over short-run objectives?

Multiple Choice

The focus is placed on improving performance in the near term.

Long-run objectives are necessary for achieving long-term performance and stand as a barrier to undue focus on short-term results.

Long-run objectives will satisfy shareholder expectations for progress.

Long-run objectives will force the company to deliver performance improvement in the current period.

Long-run objectives will keep the company in line with its balanced scorecard.

Explanation / Answer

The correct option is

Long-run objectives are necessary for achieving long-term performance and stand as a barrier to undue focus on short-term results.

Long term objectives are very important to get the long term performance. Short term results could be blocked by this way and by this way the company gets the position to have a great perform better later. In companies long terms objectives are very important than the short term.

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