Which of the Following Is Least Important in Goal-Setting Theory

question 95

Multiple Choice

Which of the following is least important in goal-setting theory?

• A)goal difficulty
• B)goal specificity
• C)equity among co-workers
• D)feedback
• E)participation in goal setting

Understand the various methods of purchase specification and their implications.

Appreciate the role of new technology in gaining competitive advantage and operational efficiency.

Recognize the importance of specifying quality standards in procurement.

Understand the benefits of buying by performance or function.

---

Definitions:

Marginal Cost

The increase in cost resulting from the production of an extra good or service unit.

Total Cost

The sum of all costs associated with the production of a given quantity of output, including both fixed and variable costs.

Output Units

The individual items or quantities of a product that are produced by a company or an economic production process.

Total Variable Cost

The total of expenses that change in proportion to the activity of a business, such as materials and labor, in contrast to fixed costs.