Refer to the Scenario Given to Answer the Following Questions

question 42

Multiple Choice

Refer to the scenario given to answer the following questions.
It's Academic (Scenario)
Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions.
-Tyler's goal for each store to sell at least $900 per square metre per day has some of the characteristics of a well-designed goal. For example, it is measurable and quantifiable. What else might Tyler do to improve the design of this goal?

• A) specify a flexible time frame
• B) add a statement of accountability
• C) ensure that the goal is challenging but attainable
• D) write the goal in terms of actions instead of outcomes
• E) communicate this goal to every single employee in the organization

---

Definitions:

Annual Rate of Return Technique

A method of evaluating investments by calculating the expected annual rate of profit or loss.

Annual Cash Inflows

The total amount of money received by a company or individual within a year from various sources.

Economic Life

Economic life is the estimated period over which an asset is expected to be useful to the owner for the purpose of generating income or other economic benefits.

Internal Reports

Reports generated within an organization for the purpose of decision making by management, not for public dissemination.