Which of the Following Statements Is True About Goal and Plan

question 109

Multiple Choice

Which of the following statements is true about goal and plan selection?

• A)Goal selection requires exclusive reliance on experienced judgment.
• B)Experienced judgment is not needed in goal and plan selection.
• C)Benchmarking should be done during goal and plan selection.
• D)Selection takes place immediately after generating alternate goals.
• E)Managers select goals and plans that are appropriate and feasible.

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Definitions:

Labor-Force Participation

The percentage of the working-age population that is engaged in the labor market, either employed or actively seeking employment.

Minimum Wage

The lowest legally permissible hourly wage that companies can pay to employees.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing essential data related to labor economics, including employment, unemployment, and price statistics.

Labor Force

The total number of people who are currently employed or actively seeking employment within an economy.