Final answer:
It is false that multidivisional firms should have objectives only for the overall company. Objectives should be set both at the corporate level and for each division to align divisional and company goals.
Step-by-step explanation:
In a multidivisional firm, it is false that objectives should be established only for the overall company and not for each division. Objectives should be set at both the corporate level and the divisional level to ensure that each division's performance aligns with the company's overall strategic goals. This dual-level goal-setting enables better planning, control, and performance assessment for the individual divisions, which ultimately contributes to the success of the entire company.