Which of the Following Describes Stretch Goals

question 24

Multiple Choice

Which of the following describes stretch goals?

• A) Goals at one level that are not in sync with goals set at other levels of the organization
• B) Goals that subordinates set for themselves
• C) Goals that are specific and difficult but not out of reach
• D) Goals that are set low and are easy to achieve
• E) Goals set at an impossibly high level

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Definitions:

Constructively Capitalize

The accounting practice of recognizing an expenditure as a fixed asset and amortizing it over time, despite not being capitalized in a traditional sense.

Operating Leases

A pact that grants permission to use a property without bestowing ownership rights of the said asset.

Long-Term Debt Rate

The interest rate applied to loans or borrowings with a maturity date extending beyond one year.

Minimum Operating Lease Payments

The minimum amount that a lessee is obligated to pay over the lease term for the right to use an underlying asset, excluding costs such as maintenance and taxes that are paid by the lessee.