After Management Agrees on a Mission Statement,it Must Set Objectives

question 77

Multiple Choice

After management agrees on a mission statement,it must set objectives.Which of the following is NOT necessarily a characteristic of a good objective?

• A)profitable
• B)realistic
• C)measurable
• D)time-specific

---

Definitions:

Investing Activity

Financial operations related to acquiring or disposing of non-current assets, crucial for budgeting and strategic planning of an organization's capital.

Financing Activity

Transactions related to raising capital and repaying investors, including issuing stock, paying dividends, and borrowing funds.

Net Income

A company's overall earnings following the deduction of all costs and taxes from its gross income.

Fiscal Year

A twelve-month period used for accounting purposes and preparation of financial statements, which may not align with the calendar year.