Goals Provide the Direction for All Management Decisions and Actions

question 78

Multiple Choice

Goals provide the direction for all management decisions and actions and form the ____________ .

• A) basis for the sharing of profits with the employees at the end
• B) desired outcomes that the organizational members will achieve
• C) profit basis that the organizations will accomplish for stockholders
• D) criteria against which actual accomplishments are measured

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Definitions:

FOB

Free On Board, a term used in shipping to indicate who is responsible for payment of transportation and insurance.

Freight

The charge paid for the transportation of goods, typically by sea, air, or land.

Free

Not under the control or in the power of another; able to act or be done as one wishes, or without cost or payment.

Supplies Expense

An expense reported on the income statement that reflects the cost of supplies used during the reporting period.