In the Context of a Business's Objectives,which of the Following

question 42

Multiple Choice

In the context of a business's objectives,which of the following is an ineffective practice?

• A)Isolating them from the business's mission
• B)Stating them in such a way that they are measurable
• C)Using them to make tactical plans for the business
• D)Keeping them elaborate or simple
• E)Using them to establish criteria to evaluate performance

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Definitions:

Accounts Receivable

Money owed by customers to a company for goods or services that have been delivered or used but not yet paid for.

Credit Sales

Sales for which payment is not received at the time of purchase, allowing customers to pay at a later date, thereby creating receivables for the seller.

Cash Sales

Transactions where payment is made in cash at the time of purchase, without the extension of credit.

Inventory

The goods and materials that a business holds for the ultimate purpose of resale or production.