Which of the Following Describes Stretch Goals

question 27

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

---

Definitions:

Private Securities Litigation Reform Act

A 1995 federal law that imposed several significant reforms on the process of bringing securities fraud lawsuits in order to reduce frivolous claims.

Auditor Liability

The legal responsibility of auditors for failing to detect and report inaccuracies or fraud in the financial statements they review.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.

1934 Securities Act

U.S. legislation aimed at regulating the secondary securities market, requiring disclosure of material information related to securities transactions and aimed at combating fraud and manipulation.