Which One of the Following Statements Is True Regarding an Organization's

question 68

Multiple Choice

Which one of the following statements is true regarding an organization's goals?

• A) All organizations share the single goal of making profits.
• B) A single goal is more efficient than multiple goals for defining an organization's success.
• C) Using a single goal such as profit may result in unethical behaviors by employees.
• D) Long-term success is ensured if managers emphasize only one goal for an organization.

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Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements, meaning part of the cost varies with the level of output while part remains fixed.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Curvilinear Fashion

Refers to a curve-shaped pattern of growth, progress, or movement in graphs or data analysis.

Variable Costs

Expenses that fluctuate in direct proportion to the amount of production or the volume of sales, including direct labor costs and raw materials.