Which of the Following Statements Is True About Goals

question 26

Multiple Choice

Which of the following statements is true about goals?

• A)A goal is a closed-ended statement that describes in specific terms what is to be accomplished.
• B)A goal is an open-ended statement that describes in general terms what is to be accomplished.
• C)A goal defines the mission of the organization.
• D)A goal states how and when an organization will meet its objectives.

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Definitions:

Times Interest Earned

A financial metric indicating how well a company can meet its interest obligations from earnings before interest and taxes.

EBIT

Earnings Before Interest and Taxes; a measure of a firm's profit that includes all expenses except interest and income tax expenses.

Interest Expense

Over a span of time, the monetary burden borne by an entity due to borrowed capital.

Earning Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability on a per-share basis.