Regarding Goals and Objectives,which of the Following Statements Would Be

question 174

Multiple Choice

Regarding goals and objectives,which of the following statements would be most accurate?

• A)Objectives convert an organization's mission and business into long- and short-term performance targets.
• B)Goals and objectives are actually the detailed day-to-day activities necessary to implement a marketing program.
• C)A company's goals and objectives are often worthy in intent,but unrealistic in practice because they are never accomplished during the specified time period.
• D)Goal-setting only applies to business firms;nonprofit organizations typically do not set goals because they don't earn a profit.
• E)The terms goal and objective should not be used interchangeably.Goals are philosophical while objectives are performance-based.

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Definitions:

Depreciation

A tax deduction reflecting the decrease in value of an asset over time due to wear and tear.

Section 1245

A tax code provision defining the treatment of gains from the sale of depreciable personal property, requiring that such gains be treated as ordinary income to the extent of depreciation taken.

Section 1231 Gain

The profit from the sale or exchange of real or depreciable property used in a business and held longer than one year.

Preferential Rates

Special, often lower, tax rates applied to certain types of income, such as capital gains or dividends, as an incentive or benefit.