Final answer:
The managerial purpose of setting objectives includes converting the strategic vision into specific performance targets, using the objectives as a yardstick for tracking progress, and challenging the organization to perform at its full potential.
Step-by-step explanation:
The managerial purpose of setting objectives includes:
A. Converting the strategic vision into specific performance targets - results and outcomes the organization wants to achieve.
B. Using the objectives as a yardstick for tracking the company's progress and performance.
C. Challenging and helping stretch the organization to perform at its full potential and deliver the best positive results.
D. Pushing company personnel to be more attentive and to exhibit more urgency in improving the company's financial performance and business position.
Answer: E. All of these