Beta Company Has Set a Goal of Increasing Sales by 10

question 82

Multiple Choice

Beta Company has set a goal of increasing sales by 10% this year. This goal will most likely have the effect of

• A) motivating managers.
• B) assisting in the allocation of advertising dollars.
• C) assisting in the allocation of resources.
• D) providing direction for managers.
• E) all of these.

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Definitions:

Partnership Form

An official business configuration where management roles and profit disbursements are shared among a few individuals.

Service-Type Businesses

Businesses that provide services instead of producing tangible goods.

Unlimited Life

A financial concept that assumes a corporation can continue in operation indefinitely, without a predetermined closure or liquidation date.

SEC

The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.