Goals Provide the Direction for All Management Decisions and Form

question 71

Multiple Choice

Goals provide the direction for all management decisions and form the __________.

• A) basis for profit projections to satisfy shareholders and other external stakeholders
• B) desired outcomes that the organizational members will likely achieve
• C) basis for the profit sharing with employees once the goals are achieved
• D) criteria against which actual work accomplishments can be measured
• E) foundation for all other management functions

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Definitions:

Parol Evidence Rule

A legal principle that prohibits the use of oral or written statements made prior to or at the time of a written contract to change or contradict the terms of the contract.

Assignee

An individual or entity to whom rights or interests have been transferred by another.

Parol Evidence

A rule that prohibits the admission of oral or extrinsic evidence to contradict, vary, or add to the terms of a written contract.

Assignor

The party in a contract who transfers rights or interests to another, known as the assignee.