What is an alternative to the limitation of focusing on profits?
A)communicating that other measures are important but continuing to base rewards on profits
B)overstating the value of ending inventory in order to reduce cost of goods sold and improving operating income performance
C)focusing on long-term objectives and appropriate emphasis on profit
D)analyzing the product mix

Question

Quizplus · Accepted Answer

Focusing on long-term objectives and appropriate emphasis on profit allows for a more sustainable and balanced approach to business. This includes considering the impact of decisions on stakeholders beyond just shareholders, such as employees, customers, and the environment. It also involves investing in research and development and other initiatives that may not have an immediate impact on profits but contribute to the long-term success of the company.

What Is an Alternative to the Limitation of Focusing on Profits