Why Organizational Goals Should Be Measurable

question 9

Multiple Choice

Why organizational goals should be measurable?

• A)Ensure goal ambiguity
• B)Ensure goal attainment
• C)Put high effort
• D)Encourage employee participation

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Definitions:

Owner's Equity

The owner's residual interest in the assets of the business after deducting liabilities, representing ownership value in a company.

Owner's Equity

The residual interest in the assets of the enterprise after deducting its liabilities, also known as shareholder's equity.

Net Income

The final amount of money a company makes after taking away all expenses, including taxes and the costs of operation, from the total income.

Owner Drawings

Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.