Match the Options Below with the Correct Phrases

question 105

Multiple Choice

Match the options below with the correct phrases:
-management by objectives (MBO)

• A)written instructions to carry out the sequential steps to accomplish a task
• B)the steps by which an organization will achieve its strategic goals
• C)a planning technique for managers and subordinates to collaborate goal setting
• D)predicts income and expenses
• E)requires great leaps forward on such measures as product development, time, return on investment, and sales growth
• F)goals for middle managers
• G)a broad, written guideline
• H)the formal written organizational purpose
• I)plan which adapts to changes that affect or impact the original plan
• J)the mental activity of determining what you want to do
• K)end result of the planning effort
• L)no smoking
• M)a planning technique of predicting or attempting to foresee future issues and events
• N)a single-use plan for accomplishing a group of related activities
• O)a plan focusing on first-line managers

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Definitions:

Operating Activity

Business actions directly related to the day-to-day operations, such as selling products or services, which generate most of the company’s cash flows.

Depreciation Expense

The allocated cost of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Comparative Balance Sheet

A financial statement displaying the balance of assets, liabilities, and equity for two or more time periods side by side, facilitating trend analysis and financial comparison over time.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of the entity, as reported in the cash flow statement.