Which of the Following Statements Is NOT Correct About Organisational

question 102

Multiple Choice

Which of the following statements is NOT correct about organisational performance?

• A)It compares actual performance to standards.
• B)It guides managerial decisions in designing strategies.
• C)It measures the appropriateness of organisational goals.
• D)It measures how well the organisation is achieving its goals.
• E)It is the bottom line for managers.

Identify the importance and structure of the scientific method in psychology.

Trace the historical development of psychology from philosophy and physiology.

Know the key individuals and their differing views in the early development of psychology.

Appreciate the importance of research findings communication in psychology.

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Definitions:

Accounting Statements

Financial documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Ratios

Quantitative measures used to assess the financial performance, liquidity, efficiency, or risk of a business entity.

Current Ratio

This ratio indicates how well a business can settle its short-term debts with assets that are readily available.

Acid-test Ratio

A stringent indicator of a company’s short-term liquidity, calculated by dividing liquid assets by current liabilities, excluding inventory.