The difference between financial objectives and strategic objectives is

Multiple Choice

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 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 $p$

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 u short$-$term and long$-$term profitability.

financial objectives relate to the quantifiable financial performance targets management has established for the organization to achieve, while strategic objectives relate to target outco and future business prospects.

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 performa departments, and individual work units.