In the Context of Company Goals,which of the Following Is

question 66

Multiple Choice

In the context of company goals,which of the following is an effective practice?

• A)A company should pursue only one goal at a time.
• B)A company should use its goal as a substitute for its mission.
• C)Company goals should be specific.
• D)Company goals should not be defined in terms of a target to be achieved.
• E)Company goals should not be limited by a time frame.

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Definitions:

Quantity Of Output

The total amount of goods or services produced by a company, sector, or economy during a specified period.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Total Revenue

The sum total of financial gains a company secures from its commercial transactions or service provisions during a certain interval.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a distinct price point, during a specific time frame.