All Governments and Not-For-Profit Entities Should Establish Goals and Objectives

question 34

Multiple Choice

All governments and not-for-profit entities should establish goals and objectives.Which of the following is a desirable characteristic of an operational objective?

• A)An operational objective should be open to interpretation.
• B)An operational objective should be measurable.
• C)An operational objective should be a statement of aspirations.
• D)An operational objective should be accomplishable by an unspecified future date.

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Definitions:

Existing Mortgage

A mortgage that is currently in place on a property, affecting its sale, transfer, or refinancing.

Mortgagor

An individual or entity who borrows money to purchase property and pledges that property as collateral for the loan.

Oral Agreement

A verbal contract between parties that is legally binding, although harder to prove than a written agreement.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be legally enforceable.