The difference between financial objectives and strategic objectives is

Group of answer choices

financial objectives need to be broken down into performance targets for each of the organization$$s separate businesses, product lines, functional departments, and individual work units, while strategic objectives are needed only in those areas directly related to a company's short$-$term and long$-$term profitability.

financial objectives are needed only in those areas directly related to a company's short$-$term and long$-$term profitability while strategic objectives need to be broken down into performance targets for each of the organization$$s separate businesses, product lines, functional departments, and individual work units.

financial objectives help answer the question $$Where do we want to go$?$ and strategic objectives help answer the question $$How are we going to get there?$$

financial objectives relate to the financial performance targets management has established for the organization to achieve, while strategic objectives relate to target outcomes that indicate a company is strengthening its market standing, competitive position, and future business prospects.

financial objectives determine the geographic and business scope of the company$$s operations while strategic objectives should be set in a manner that does not conflict with the performance targets of lower$-$level organizational units.