Which of the Following Is a Good Goal-Setting Principle?​

question 62

Multiple Choice

Which of the following is a good goal-setting principle?​

• A) ​Allow maximum flexibility and limit planning so that you will have several avenues to accomplish your goal.
• B) Don't focus on small successes,because you will lose sight of the end goal.​
• C) Spend time reflecting on the things you want to change in your life.​
• D) Keep your environment constant so that you can focus on your goal.​

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Definitions:

Paid-in Capital

The amount of money that shareholders have invested in a company in exchange for ownership, excluding earnings or retained profits.

Retained Earnings Appropriation

Portions of retained earnings that are set aside for specific purposes, such as future expansion or debt repayment, indicating they are not available for dividend distribution.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Prior Period Adjustment

Correction made in the current year of a mistake made in previous years. The adjustment is updated on the statement of retained earnings.