Which of the Following Is a TRUE Statement Concerning Goals

question 16

Multiple Choice

Which of the following is a TRUE statement concerning goals and objectives?

• A) Goals are the specific activities that accomplish objectives whereas objectives are the primary aims of the organization
• B) Goals are the primary aims of the organization whereas objectives are the specific activities that accomplish goals
• C) Objectives are often defined in terms such as sales growth, market leadership, and increased profitability
• D) Goals represent day-to-day activities that the organization desires to carry out

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Definitions:

Price of Labor

The wage rate or compensation paid to employees for their work or services.

Units of Output

The quantity or number of items produced or services rendered in a given time period.

Production Technique

Methods and processes used in the creation of goods and services, often involving specific equipment or approaches to maximize efficiency.

Price of Capital

The cost of using capital, which can include the interest rate on loans or the rate of return required by investors on their investment in a company.