Goals Are Different from Plans Because ________

question 69

Multiple Choice

Goals are different from plans because ________.

• A) goals identify specific steps that the organization needs to achieve, and plans identify the overall mission of the organization
• B) goals describe financial objectives, and plans describe objectives related to social responsibility
• C) goals are important only for small companies, and plans are important only for large companies
• D) goals are desired outcomes, and plans describe how those outcomes will be accomplished

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Definitions:

Owned Subsidiary

A company whose majority of shares or voting rights are held by another company, making it a controlling entity.

Equity Method

The equity method is an accounting technique used by firms to assess the profits earned by their investments in other companies by reporting these profits in proportion to their ownership.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It indicates the company's financial performance over a specified period.

Owned Subsidiary

A company whose majority of shares is held by another company, making it controlled by the parent company.