Effective Objectives Should Be All of the Following EXCEPT Which

question 41

Multiple Choice

Effective objectives should be all of the following EXCEPT which one of the following?

• A) aspirational
• B) specific
• C) attainable
• D) sustainable
• E) measurable

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Definitions:

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from revenue; also known as supernormal profits.

Industry Growth

The increase in the production or sales in a particular industry over a specific period, often driven by factors such as technological advances and increases in demand.

Normal Profits

The required minimum level of profit needed for a company to remain competitive in the market; it is part of the firm's opportunity costs.

Short-run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable, often in a temporal context.