Which of the Following Statements Is True of Goals

question 45

Multiple Choice

Which of the following statements is true of goals?

• A) Top management's goals must be merged with those of employees, who bring their psychological, social, and economic needs with them to an organization.
• B) Goal setting is a relatively easy process.
• C) Goals identify the business an organization is involved in, the market niches it tries to serve, the types of customers it is likely to have, and the reasons for its existence.
• D) In contrast to visions, goals are less descriptive and more future-oriented.

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic; often involves making decisions that are optimal based on available information.

Neoclassical Economic Models

These models are based on the assumptions of rational behavior and efficient markets, focusing on how supply and demand determine prices and allocate resources.

Determinants

Determinants are factors or elements that cause something to happen or significantly influence the outcome of a process or situation.

Market Prices

The current prices at which goods and services can be bought or sold in a marketplace.