Which of the Following Statements Is TRUE Regarding an Organization's

question 149

Multiple Choice

Which of the following statements is TRUE regarding an organization's goals?

• A)All organizations share the single goal of making profits.
• B)Using a single goal such as profit may result in unethical behaviours by employees.
• C)Long-term success is ensured if managers emphasize only one goal for an organization.
• D)Short-term success is ensured if managers emphasize multiple goals for the organization.

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Definitions:

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash operations.

Statement of Cash Flows

A financial statement showing the cash inflows and outflows from operating, investing, and financing activities over a specific period.

Operating Activities

Day-to-day business functions and transactions related to a company's core business operations, such as sales and purchasing.

Net Income

The profit a company has after all expenses, taxes, and costs have been subtracted from total revenue.