Objectives Should Be Specific, Marketable, Assignable, Realistic, and Time Related

question 68

True/False

Objectives should be specific, marketable, assignable, realistic, and time related.

---

Definitions:

Market Price

The market price at which you can currently buy or sell a service or asset in a specified market.

Negative Economic Profit

A situation where a firm's total revenue is less than its total costs, including opportunity costs.

Market Price

The current value at which an asset or service can be bought or sold in a competitive marketplace.

Zero Economic Profit

A situation where a firm's total revenue is exactly equal to its total costs, including opportunity costs.