In What Type of System Are Annual Goals Established and Passed

question 56

Multiple Choice

In what type of system are annual goals established and passed down through the organization?

• A) Performance standards review
• B) Management by objectives
• C) Forced distribution
• D) Total Quality Management

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Definitions:

Cash Flow Statement

The cash flow statement is a financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Dividends

A portion of a company's earnings that is paid to shareholders as a distribution of profits.

Balance Sheet

A report detailing a firm's assets, liabilities, and owners' equity at a certain moment.

Retained Earnings

The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay down debt.