Goals Are Different from Plans Because _____________

question 123

Multiple Choice

Goals are different from plans because _____________.

• A) goals identify specific steps that the organization needs to achieve, and plans identify the overall mission of the organization
• B) goals describe financial objectives, and plans describe objectives related to social responsibility
• C) goals are important only for small companies, and plans are important only for large companies
• D) goals are desired outcomes, and plans describe how those outcomes will be accomplished
• E) goals are set by lower level managers, and plans are set by the executives

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Definitions:

Capital Balances

The amount of money or value of assets that a company or an individual has invested in a business.

Net Income

The profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.

Time Devoted

The amount of time that is spent on a particular activity or task.

Capital Account Balances

The amount of money and other forms of assets invested in a company by its owners or shareholders, reflected in the equity section of the balance sheet.