For Goals to Be Motivating, They Must Be

question 58

Multiple Choice

For goals to be motivating, they must be

• A) Disliked by employees.
• B) Subjective.
• C) Easy to achieve.
• D) Quantifiable.
• E) Open-ended.

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Definitions:

Reconcile

A process of ensuring two sets of records (usually the balances of two accounts) are in agreement.

Variable Costing

A cost accounting method that encompasses solely variable costs involved in production (direct materials, direct labor, and variable manufacturing overhead) for product cost calculation.

Contribution Format

A type of income statement layout that separates fixed costs from variable costs to highlight the contribution margin.

Absorption Costing

An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a produced unit.