Which of the Following Is Not a Principle of Effective

question 20

Multiple Choice

Which of the following is not a principle of effective goal setting?

• A)Write goals down and regularly monitor progress.
• B)Focus upon individual goals and team goals well take care of themselves.
• C)Set practice as well as competition goals.
• D)Consider personality and individual differences in goal setting.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of rules and standards designed to improve the clarity, consistency, and comparability of financial reporting across industries in the United States.

Deferred Income Taxes

Taxes owed for the current period but not yet required to be paid, due to differences between financial accounting and tax reporting.

Temporary Difference

Differences between accounting income and taxable income that are expected to reverse in the future, affecting deferred tax calculations.

Permanent Difference

Transactions that cause a difference between the tax basis and the book value of assets and liabilities, which will not reverse over time.