SCENARIO 4-3 Marjo Is the Manager of a Grocery Store That Is

question 68

Multiple Choice

SCENARIO 4-3
Marjo is the manager of a grocery store that is part of a larger supermarket chain.She would like to implement a goal-setting program for the cashiers,assistant manager,and the managers in the bakery,produce,and meat departments.The staff have asked her to explain the goal-setting program,how it will work,and how it will affect them.

-Referring to SCENARIO 4-3,an example of an effective goal would be

• A)telephone orders will be processed promptly.
• B)the quality of all products will increase substantially and immediately.
• C)sales will increase by 2 percent over the next 6 months.
• D)company costs will decrease as much as possible.
• E)new customers will be brought in regularly.

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Definitions:

Semiannual Interest

Interest that is computed and disbursed semi-annually, commonly linked with loans or bonds.

Journal Entry

A record of financial transactions entered in a journal, a fundamental part of the double-entry bookkeeping system.

Carrying Value

Carrying value, or book value, is the net amount at which an asset or liability is valued on a balance sheet, factoring in its original cost minus depreciation, amortization, or impairment costs.