Which Is an Example of a Good Objective

question 38

Multiple Choice

Which is an example of a good objective?

• A) "Have an occupancy of 79 percent next year"
• B) "Be the best in town"
• C) "Be successful"
• D) "Excellence in customer satisfaction"

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Definitions:

Budget Committee

A group responsible for reviewing, approving, and overseeing a company's budget and financial planning processes.

Preparation of the Budget

Preparation of the budget involves planning and drafting a detailed financial plan that estimates the income and expenditures for a specific period in the future.

Treasurer

An executive responsible for managing a company's investments, cash flow, financial planning, and related records.

Master Budget

A comprehensive financial planning document that consolidates all of a company's individual budgets relating to sales, cost of goods sold, operations, and capital expenditures into one overarching budget.