Which of the Following Requires Consideration in Setting Goals and Establishing

question 37

Multiple Choice

Which of the following requires consideration in setting goals and establishing a performance plan?

• A) The goals must be flexible and adaptable to meet a fluctuating economy.
• B) The time frames in which to achieve the goals must be flexible.
• C) The goals must be mandated by the manager and accepted by the employee.
• D) The goals must be linked to overall business objectives.

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Definitions:

Marginal Propensity

The ratio of change in an economic variable (such as consumption) that occurs with a change in another variable (such as income).

Investment Accelerator

The concept that suggests investment spending in an economy may increase due to growth in overall economic activity, boosting further growth.

Aggregate Demand

Total expression of need for goods and services within an economic environment, anchored at a specific total price level across a designated duration.

Aggregate Demand

The total amount of goods and services that all consumers, businesses, and government entities are willing and able to purchase at various price levels in an economy.