Which of the Following Is True About Setting Long-Term Goals

question 38

Multiple Choice

Which of the following is true about setting long-term goals?

• A)The goals should be very ambitious.
• B)The goals should be realistic.
• C)The objective of the goals should be to squander surplus funds.
• D)The goals should be very conservative.
• E)The goals should be set only once.

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Definitions:

Cost Savings

Reductions in costs achieved through methods such as efficiency improvements, negotiations for better prices, or elimination of unnecessary expenses.

Product Line

A series of related products offered by a company, often serving a common market or purpose.

Net Income

The amount of earnings left after all expenses and taxes have been deducted from total revenue.

Variable Expenses

Costs that vary directly with the level of production or sales volume.