As We Move Down the Hierarchy of Goals,goals Become Increasingly

question 115

Multiple Choice

As we move down the hierarchy of goals,goals become increasingly _____;as we move up the hierarchy of goals,they become increasingly _____.

• A)concrete;abstract
• B)abstract;concrete
• C)relational;personal
• D)personal;relational

---

Definitions:

Administrative Expenses

Overheads and general expenses related to the day-to-day management and operation of a business, excluding production and direct costs.

Operating Income

The profit realized from a business's core operations, excluding revenue from investments and costs such as interest expenses and taxes.

Cost Of Goods Sold

The specific costs tied to the production of goods sold by a company, which include the cost of materials and labor.

Merchandising Company Income Statement

An income statement format used by companies that buy and sell goods, highlighting the cost of goods sold and gross profit.