Which of the Following Statements About Organizational Goals Is NOT

question 185

Multiple Choice

Which of the following statements about organizational goals is NOT true?

• A)The terms goal and objective can be used interchangeably.
• B)In an organization, goals exist at the corporate, business, and functional levels.
• C)Goals are clear, broad descriptions of an organization's offering(s).
• D)All lower-level goals should contribute to the achievement of higher-level goals.

---

Definitions:

Cash

Liquid currency and resources such as bank deposits that a business has immediate access to for transactions and operations.

Prepaid Insurance

Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.

Utilities Expense

The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.