Which of the Following Statements Is True of Goals

question 14

Multiple Choice

Which of the following statements is True of goals?

• A) They identify the desired results for an organization.
• B) They articulate the actions necessary to produce favorable outcomes.
• C) They address the role of organizational values in achieving a desired result.
• D) They refrain from setting specific targets such as a bigger market share.

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Definitions:

Maturity Value

The amount payable to the holder of a financial instrument upon its maturity, including both the principal and the interest.

360-Day Year

A financial convention that simplifies the interest calculation by assuming a year has 360 days.

Maturity Date

The specified date on which the final payment of a loan or financial instrument must be paid, at which point the principal (and all remaining interest) is due to be paid.

Leap Years

Years with 366 days, occurring every four years, to keep the calendar year synchronized with the astronomical year.