Based on Averages, Which of the Following Businesses Is Likely

question 153

Multiple Choice

Based on averages, which of the following businesses is likely to have the highest costs as a percent of sales?

• A) Manufacturer's agent for textile producers
• B) Broker for industrial machinery
• C) General merchandise wholesaler based in the U.S.
• D) Export agent for American-made furniture
• E) Import agent for specialty items from China

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Definitions:

Goal-Setting Theory

Goal-Setting Theory posits that specific, challenging goals along with appropriate feedback contribute significantly to motivation and performance, by focusing effort and fostering persistence.

Specific Goals

Clear, well-defined objectives that are measurable and time-bound, facilitating targeted actions and evaluations.

Feedback

Information or responses provided about a person's actions or performance, intended to guide future behavior or improvement.

Goal Acceptance

Refers to the extent to which individuals agree with and commit to achieving specific goals set by themselves or by others such as managers or organizations.