Ethan Is a Salesperson Who Likes to Set Goals and Objectives

question 68

Multiple Choice

Ethan is a salesperson who likes to set goals and objectives. Within the context of effective self-leadership, Ethan sets goals and objectives because:

• A) He is required to do so by his manager
• B) Doing so helps him make better planning decisions
• C) He wants to impress his manager
• D) He wants to challenge himself to work harder
• E) Each of the above is correct

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Definitions:

Owner's Equity

The residual interest in the assets of a company after deducting liabilities.

Merchandise Sold

The total goods or inventory that have been sold to customers within a specific period, generating revenue for the business.

Inadvertently Overstated

When financial figures are unintentionally reported higher than their actual values.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.